zenfarm - 2/13/2026 14:57
RCR - 2/13/2026 13:38
Warsh is a son in law of one of Trumps mega donors (handlers).
I am opposed to the AI revolution. I believe it's way over hyped, changes life in ways I dont condone and is wildly energy/resource intensive. To place all the hope on AI and not raise interest rates. While in the background you have a punch bowl drunk congress/president, 38 trillion in debt and serious issues in the confidence in the USD. But AI will keep them from raising rates?
Color me less than optimistic.
This what he said:
He advocates "shrinking the balance sheet in exchange for rate cuts," believing AI-driven productivity growth has disinflationary properties that eliminate the need for the Fed to suppress demand with high rates.
Gold and the FED