Elevated energy prices, AI capex binge puts the Fed and Kevin Warsh in a tough spot
5 Articles
5 Articles
Elevated energy prices, AI capex binge puts the Fed and Kevin Warsh in a tough spot
Fed Chairman Kevin Warsh and many of his devotees have argued that some short-term price pain can be tolerated in anticipation of AI eventually suppressing inflation.
By Brian Judge, Project Syndicate.BERKELEY- The president of the United States Federal Reserve, Kevin Warsh, recently announced the creation of a new working group to “analyze the pace, scope and economic impact of new technologies of general use, including AI, and explore the implications for the Fed” in the context of its “mandates on employment and inflation.” Warsh’s failure to mention the impact of AI on financial stability, the Fed’s third…
Everyone Will Overread the Fed Tomorrow
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The AI trade goes deep in the red… Wednesday's presser with no map... Thursday's number Warsh actually watches... and the calendar that decides everything in September The post Everyone Will Overread the Fed Tomorrow appeared first on InvestorPlace.
The First Fed Rate Hike in Three Years Could Come This Week, Citadel Warns
Key highlights:Citadel expects the Federal Reserve to raise interest rates this week.Markets are pricing a 33% chance of a quarter-point increase.This could be the first interest hike in over three years.The Federal Reserve could surprise markets this week with its first interest rate increase in three years, according to Citadel Securities. Investors are expecting the central bank to wait until September before making any change in interest rat…
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