Fed Chair Warsh says recent inflation data is an imperfect gauge of underlying inflation
Newsquawk Staff ·
AI
- AI investment will be quite good for jobs in the near term, while in the long term, it will help wages and employment.
- Do not view a one-time change in prices from AI as necessarily being inflationary.
- Whether AI will be inflationary or not is up to the Fed.
- AI is a long term job creator.
- Surge in prices from AI is real.
Wages
- Wages have moved up at a reasonable pace.
- Timing of when wages will move up more from productivity gains is a puzzle.
Economy
- Business capital investment is contributing massively to GDP, would guess the trend continues.
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