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UBS On-Air: Paul Donovan Daily Audio 'Will it be Warsh?'
Published 2 months ago
Description
There is widespread speculation that US President Trump will nominate former Fed Governor Warsh as next Fed chair. They need Senate confirmation, which may take time. Warsh?s time as governor was not, perhaps, notable?what policy bias there was tended to the hawkish. Now Warsh seems to believe AI will be disinflationary (technology is often more about relative price changes than inflation or disinflation).