NextFin news, Gary Cohn, former Director of the National Economic Council (NEC) under President Donald Trump and current IBM Vice Chairman, addressed the state of the U.S. economy, the administration’s tariff agenda, and the impact of artificial intelligence (AI) on markets in an interview conducted on Friday in New York.
Cohn highlighted that while headline economic indicators appear strong, there are "warning signs below the surface," noting that consumers are cautious and not spending freely despite holding onto jobs. He emphasized that this cautious consumer behavior could signal underlying economic weaknesses.
Regarding President Trump’s tariff policies, Cohn, a known critic of tariffs, discussed their mixed effects on the economy. He acknowledged that tariffs have been a significant part of the administration’s trade strategy but suggested that their long-term impact on economic growth and inflation remains complex and nuanced.
On the topic of artificial intelligence, Cohn remarked on its growing influence in transforming industries and markets. He indicated that AI is reshaping business operations and investment strategies, though specific details of its economic impact were not extensively elaborated in the interview.
The interview was featured on MSN’s financial news platform, providing insights from Cohn’s perspective as a former top economic advisor and current business leader. The discussion took place amid ongoing debates about trade policies and technological innovation shaping the U.S. economy.
Source: MSN, interview published on Friday, September 12, 2025, in New York.
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