A post by @FirstSquawk on X.
FED’S PAULSON SAYS THE AI AND ENERGY EFFECT ON INFLATION IS DIFFICULT TO MEASURE, AND THAT THE PRECISE TRAJECTORY OF RATE POLICY HINGES ON ECONOMIC DEVELOPMENTS
@FirstSquawk on X
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Federal Reserve Bank of Philadelphia President Anna Paulson said the effects of artificial intelligence and energy on inflation are difficult to measure, and that the precise path of rate policy depends on how the economy develops. The remarks, reported by First Squawk, frame the policy outlook around incoming economic data rather than a preset rate path. Investors will watch upcoming inflation and labor readings for signals on whether AI-driven investment and energy costs shift the Fed's calculus.
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Paulson, Federal Reserve