Kevin Warsh already has the approval of the Senate committee and is only awaiting full Senate confirmation to become the new Fed chair.


He will replace Jerome Powell when his term expires on May 15th.
And watch out for what he defended in his confirmation hearing.
Warsh has indicated that Artificial Intelligence can change the rules of the game.
His argument is that, since technological advances driven by AI can boost productivity, the Fed might be able to lower interest rates without causing prices to spiral out of control.
In summary, he advocates using AI's momentum to make credit cheaper and accelerate the economy without fear of runaway inflation.
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