• They are not accounting for the population growth shock due to immigration changes
  • There are material consequences to the shift from looser immigration to a net drop in immigration
  • AI has a lot of power to drive the economy
  • But need to be careful about the precise estimates of its impact
  • Economists need to be humble about expectations for AI
  • I'm more sanguine about growth than others and still have a lower rate outlook

It seems like he's making an early appearance on Fox before speaking to Bloomberg later. The headline remark is no surprise given the voting outcome we've seen last week.

Source: Investing Live