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Are Central Banks Ready for AI to Rewrite the Rules of the Economy?
Bloomberg Television· 2025-07-20 14:09
This is a story about an invisible hand guiding the economy. No, not the invisible hand of self-interest that Adam Smith wrote about in the Wealth of Nations. This invisible hand is much more modern.It's that artificial intelligence we keep hearing so much about. Our special contributor, Larry Summers, is a macro economist who also sits on the board of Open Air. Who better to ask what I could mean for Adam Smith's economy.My guess is that this is going to raise the neutral rate of interest over time, both b ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-19 00:37
From @WSJopinion: The Fed needs to show it can do better. While it tries to explain its failures on inflation, a good start would be to tough it out in a more utilitarian office space, writes Joseph C. Sternberg. https://t.co/EIbgA8OCwJ ...
Chicago Fed's Austan Goolsbee on how tariffs impact inflation, his outlook for interest rates
Yahoo Finance· 2025-07-18 21:26
I want to kick off the conversation with the fact that the Fed has been waiting to see what the impact of tariffs will be on inflation over the summer months before charting a course forward on interest rates. And we got the first reading of that this week with the June CPI. We saw that tick up a tenth of a percentage point to 2.9%.That was up from 2.8% previously. Are you seeing any indication that tariffs are pushing up inflation now. I think you saw it on goods.If you look at the core goods inflation, es ...
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Bloomberg· 2025-07-18 19:20
A majority of respondents to a survey expect Federal Reserve Chair Jerome Powell to stay at the helm until his term expires https://t.co/Ectu974Krj ...
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Bloomberg· 2025-07-18 09:06
Interference in the independence of the Federal Reserve would be felt outside of the US, according to Bundesbank President Joachim Nagel https://t.co/620zFWOv0R ...
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CNN Breaking News· 2025-07-17 21:58
Federal Reserve Chair Jerome Powell responds to the Trump administration in spat over Fed's renovation. https://t.co/KfgBfMDMAk ...