Glenn Hubbard: Why the case for more Fed cuts is so hard to make #shorts #fed #ratecuts #powell

Artificial intelligence is all the talk of the town, including with Chair Powell in his decision this week. Uh, how can the Fed understand AI well enough to know what that will do to, for example, productivity, which the chair talked about. >> Well, I don't think any of us, if we're honest, know when I talk to uh business people in California, they're extremely optimistic.Every CEO is optimistic. Some others are more der among economists. Honestly, I think there's every reason to believe generative AI could ...