Hassett: Jobs report strong, supports Fed holding rates

Hassett's framing aligns the White House with a hawkish Fed stance, using strong labor data to justify a pause that could support dollar strength and pressure risk assets. The AI data center angle is notable because it ties infrastructure-driven employment to the rate narrative, potentially giving policymakers cover to ignore tariff-related inflation. What matters is whether this coordination signals a deliberate shift toward higher-for-longer, and whether utilities' job gains are treated as a durable trend or a one-off capex bump.