Episode Details

The Fed is sounding the alarm as AI boom drives up tech costs and inflation, with officials split on whether rate hikes are needed. Chair Kevin Warsh downplays recent inflation improvements, launching five task forces to reassess how inflation is measured in a changing economy. He insists prices must rise broadly—not just in sectors like gas—to signal persistent inflation. Warsh also reaffirmed his independence, refusing to bend to political pressure—even from the President, whom he hasn’t confirmed speaking to since taking office.

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