• Substance_P@lemmy.world
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    17 days ago

    “Mr Warsh explains this change of heart by pointing to the deregulatory genius of the president’s policymaking and the prospect of a productivity-enhancing boom in artificial intelligence. These forces, he argues, will wipe away whatever inflation lingers in the economy. The Fed need not fret and can happily lower rates to juice things.”

    Well, this quote doesn’t instill me with a truckload of confidence.