AI's biggest blind spots and unknowns for Fed policy, laid out by Fed Chairman Kevin Warsh.
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AI's biggest blind spots and unknowns for Fed policy, laid out by Fed Chairman Kevin Warsh.
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Warsh: 65 months of "sustained, elevated" inflation is Fed's responsibility
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Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the US central bank has “work to do.” The comments reassured investors, who boosted bets that the Fed will raise interest rates this year — possibly as soon as next month — to rein in inflation. In his first speech since becoming Fed chairman in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fix
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