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Warsh says inflation can be a thing of the past as he backs AI-led growth
Warsh framed his policy goal as “getting monetary policy right,” aiming to end the inflation problem he said has persisted for about five years.
Warsh said inflation can be a “thing of the past” as he outlined his approach to monetary policy, arguing that the central bank should focus on getting policy right, CNBC reported.
In the remarks, Warsh pointed to an AI investment boom as a potential benefit that can support economic outcomes while helping address the inflation that has bedeviled the central bank for roughly the past five years, according to CNBC.
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CNBC MarketsWarsh promises inflation will be a 'thing of the past,' cites benefits of AI investment boom
CNBC WorldWarsh promises inflation will be a 'thing of the past,' cites benefits of AI investment boom