Will Fed chair Kevin Warsh's AI optimism put him in a corner if the sector stalls?
New Delhi, Oct. 30 -- US Federal Reserve chair Kevin Warsh champions parsimony in central bank communications and loathes so-called forward guidance. But he's said plenty about the future of artificial intelligence (AI): He's an arch optimist on the technology who thinks it will help him vanquish inflation.
In a November Wall Street Journal column published shortly before getting picked to lead the central bank, Warsh wrote that "AI will be a significant disinflationary force, increasing productivity and bolstering American competitiveness."
So how will he react if the AI boom stalls, as more now predict with evidence emerging that the sector may be facing a budding funding crunch?
It's concerning to think that Warsh may have boxed him...
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