Will Fed chair Kevin Warsh’s AI optimism put him in a corner if the sector stalls?
· livemint.com
The American central bank’s decision to pause rates has merit, but a quarter-point rate increase in December would be prudent. It’s concerning to think the Fed chair may have cornered himself into overreacting to an AI wobble and abandoning the possibility of further rate hikes.
As I’ve noted earlier, the recent turbulence calls for a cautious approach to monetary policy that guards against the possibility that this trickle of credit ...