Fed Chair nominee Warsh says an increase in capex to do with AI will increase demand by a few tenths of a percent, but on the supply side that could be considerably bigger
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Fed Chair nominee Warsh says rate decisions are very hard calls
Tehran had initially told mediators that it would send a delegation to Pakistan Tuesday for talks but later informed them that the U.S. would have to lift its blockade on Iran ports, according to officials cited by WSJ
Fed Chair nominee Warsh says an increase in capex to do with AI will increase demand by a few tenths of a percent, but on the supply side that could be considerably bigger
Difficult debates at the top of the Iranian government between senior officials; IRGC and the Iranian President and Speaker of the Parliament who are interested in an agreement, via Amichai Stein citing American source to i24 News
Companies will be able to discuss changes in fuel supply volumes with the Russian Energy Ministry in the event of force majeure, according to Interfax
On the Newsquawk feed at , 20 minutes before this page.
- Adds you can't bank on that however, but they do need to evaluate the productivity wave so they do have to make judgements, and if wrong they have to correct them
Context
Warsh's comments reflect a cautious yet optimistic view on how AI-related capital expenditure could influence economic demand and supply dynamics. While he acknowledges the potential for productivity gains from AI, he emphasizes the need for the Fed to remain vigilant and ready to adjust policy as necessary, indicating a delicate balancing act in monetary policy ahead.
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