Economy

Warsh Confirms a Hawkish Turn at Jackson Hole, With a New Wrinkle

An empty conference-room podium at a mountain lodge with a data-center server rack silhouette reflected in the window behind it
TL;DR

MSM covers a clean hawkish signal from the Fed chair; AI data-center spending is currently worsening the very inflation Warsh says he wants to fight.

MSM Perspective

NPR and AP frame the speech as a clean rate-hike signal without dwelling on Warsh's own admission that AI spending is raising prices right now.

X Perspective

AI accelerationists on X seized on Warsh calling AI a hinge point in history as the Fed formally blessing the buildout as disinflationary in the long run.

7 min read

The Wire — August 28