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Fed Chair Keeps Rates Open, Calls AI a Growth Boost

Fed Chair Keeps Rates Open, Calls AI a Growth Boost

Federal Reserve Chair Kevin Warsh has declined to signal the central bank’s next interest-rate move, saying he does not want to prejudge upcoming policy decisions. Speaking at the IMF-World Bank meetings in Bangkok, Warsh described artificial intelligence (AI) as a “positive supply shock,” highlighting its potential to boost productivity and economic growth. The Fed’s October 27–28 meeting will determine its next policy step amid persistent inflation concerns.

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