I really like him as head of the fed ! but OIL and An A.I. bubble and The leverage in the Derivatives is what I see coming to a head Think why would you place a long term bet or not take most if not All your funds out into record highs going into an election where if one side wins they want to tax the Sh!t out of everyone with any type of wealth even if you own your own Home. history tell us one thing Bull markets last longer than they should 1942 to 1961 19yrs 1982 to 2000 18yrs and now 17.3 years .I am and have always stated Facts based on all data back to 1902 I have waited to post but the timing is close . It is also based on the boomers most are at 72 IRA ruling to start withdrawing max timing and the Demographics The bucket of water is starting to drain and NOT having water added to the bucket !! it is just MATH !! best of trades WAVETIMER !
Kevin Warsh's view is clear: AI will eventually force interest rates lower because it will be highly deflationary.
"AI is going to make almost everything cost less. We're at the front end of a productivity boom."
The problem is that today's economy is telling a different story.
Inflation is at 4.2%, its highest level in three years.
Tensions with Iran continue to threaten oil supplies.
The labor market remains strong.
AI may be deflationary in the long run, but the Fed has to deal with today's inflation first.
I don't expect a single rate cut before the end of 2026.