White House National Economic Council director Hassett said Fed chair Kevin Warsh did not seek advice from the White House.

Samsung Electronics held a three-day global strategy meeting chaired by its vice chairman to discuss expanding sales of high-bandwidth memory (HBM). Device Solutions reviewed supply plans for HBM3E and next-generation HBM4 and HBM4E, and said it will adopt a more aggressive sales strategy this year as it aims to reclaim the DRAM market lead. The company also reviewed ongoing efforts to secure long-term supply agreements with major tech customers to stabilise volumes and improve demand visibility amid a prolonged memory supply shortage.

White House National Economic Council director Hassett said lowering the debt-to-GDP ratio is our top priority.