BREAKING
Warsh's First Fed Test: AI & Prices
First FOMC Holds Rate Steady
1
Warsh takes chair
↓
2
June 17 FOMC
↓
3
Rate held steady
↓
4
Task forces unveiled
Two Views on AI and Prices
Productivity Effect
Disinflationary
●
Cost cuts and efficiency
●
A replay of the 1990s
Demand Expansion
Inflationary
●
Data-center build-out
●
Surging power demand
0
pt
productivity uplift
0
x
living standards
0
%
inflation target
Task Forces to Guide Rate Path
AI NEWS BLITZ
AI NEWS BLITZ
Kevin Warsh takes over the Fed, facing a tough question on AI and inflation.