Fed Chair Warsh says recent inflation data is an imperfect gauge of underlying inflation

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.