Kevin Warsh is right about Fed reform — but his inflation solution is a trap

Kevin Warsh argues that AI will be a significant disinflationary force and uses that view to support interest-rate cuts. The piece is a policy commentary rather than a new Fed decision, but it is relevant to the outlook for inflation and rates. Market impact is limited unless the argument gains traction with policymakers or markets.

Analysis

Kevin Warsh argues that AI will be a significant disinflationary force and uses that view to support interest-rate cuts. The piece is a policy commentary rather than a new Fed decision, but it is relevant to the outlook for inflation and rates. Market impact is limited unless the argument gains traction with policymakers or markets.