Dani Burger

There's reporting overnight that there's been some pushback in Trump's inner circle.

Is that pushback warranted?

Would you support a Kevin Hassett as leading the Fed, someone who's seen as very loyal to the president?

Well, I mean, you started this with mentioning you'd been in Washington, D.C.

with some other business leaders with the Trump administration looking at solutions for affordability.

Did you get a word in on who your pick would be for Fed chair?

You said who you, perhaps the characteristics of who you don't want it to be.

Who would make sense for you?

for this job?

And someone not from the White House, ideally, is what you're saying.

So, Ken, if reducing rates is one thing that's excited risk markets, we'd be remiss if we didn't talk about the other thing that's been talked about all day today, and that is in AI.

In 2023, you said that there was a lot of hype, maybe too much hype in AI.

In the past two and a half years, we have seen advancements, better jobs at producing images, better voice recognition, and a whole slew of businesses.

At least they say that they're adopting AI.

Have you reassessed in the past two and a half years, or do you still think there's too much hype?

if you are one of these players then that exists in this ecosystem where hyperscalers have spent $230 billion just in 2025 with projections to go somewhere near 3 trillion over the next decade, that just seems a little bit worrying, Ken, that people aren't finding uses for AI, that they're instead just finding uses for other technology and maybe wrapping it in an AI bow.

But Anne, it feels like there's this really tension between the promise of AI being priced into markets, a spending like the promise of AI is coming, and the actual reality.

Does that end with pain for someone, the people who have been overspending, the folks and firms that have been investing in this?

We've seen a lot of that, though, of companies saying they're laying off people and have specifically cited AI.

Are you saying that's more of an excuse at this stage, then?