Fed’s Warsh sees AI boosting productivity but gives no signal on next rate hike - Yahoo Finance Singapore

The global economy has held up better than Kevin Warsh would have predicted earlier this year, the US central bank chief said on Friday, calling AI the biggest economic shift he had seen. Speaking in Bangkok at the annual meetings of the IMF and the World Bank, Warsh offered no clue on the Federal Reserve's next rate decision, due on 28 October. Almost everywhere, the economy is showing a resilience "I'm not sure I would have predicted five or six months ago," Warsh said in a discussion on stage with IMF chief Kristalina Georgieva.