Fed & Inflation: Hassett Comments, AI Pushing Up Prices
White House adviser Hassett signaled the Fed may hold rates if inflation slows, while Fed's Goolsbee flagged that the AI boom is starting to directly push up prices via chip and memory costs.
What we know
Kevin Hassett made several comments about the Federal Reserve: 'Fed may see inflation slowdown as reason to hold' an account on X, 'Fed to keep inflation in control, not kill the economy' another account on X, and expects 'income effect to be strong at turn of the year' another account on X. Separately, zerohedge flagged Fed Governor Goolsbee now acknowledging that 'AI boom is starting to push up prices' via soaring DRAM/memory costs another account on X. Charliebilello also noted the Fed hiked in September and will 'likely hike again in December' despite Trump appointing Kevin Warsh to lower rates another account on X. Goldman's Molavi spotted two of three CapEx-peak signals already flashing another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.