White House economic advisor Kevin Hassett noted on Monday that the job market is showing "mixed signals," suggesting a potential slowdown in the labor market.

During an interview with CNBC, Hassett stated, "I think the job market is sending 'mixed signals,' but in terms of the output market, there are very, very positive signals."

He added, "Real wages have risen, and this trend will continue."

Analyzing the situation, Hassett explained, "I believe the labor market may enter a near 'quiet period.' The reason is that businesses are finding artificial intelligence (AI) significantly boosts the productivity of existing employees, so they may not necessarily need to hire fresh college graduates."

Regarding the Federal Reserve's monetary policy direction, Hassett emphasized this as a critical moment, urging, "Now is the time for the Fed to truly be data-driven."

Economists suggest that any weakness in the labor market could prompt the Fed to cut key interest rates by another 25 basis points next month.

Hassett, one of the candidates nominated by former President Trump, has informed Trump that he would accept the position if nominated to replace Jerome Powell as Fed chair. He advocates for a more substantial rate cut at December's policy meeting.

Separately, Hassett revealed on Monday that trade negotiations with India have become "quite complicated" due to India's ongoing interactions with Russia.

While expressing optimism about reaching a deal with India during his CNBC interview, Hassett acknowledged that multiple variables complicate U.S.-India relations.

He admitted, "Yes, we are certainly very close to an agreement. I’ve communicated with the ambassador, and there have been mutual visits. But given India's interactions with Russia and with us [the U.S.], it’s a complex situation."