FedIMPORTANT
Fed's Goolsbee (2027 voter) says business are high, but starting to thin; expectations of productivity gains from AI in the future creates a high danger of overheating now
StockNow breaking-news AI analysis
Fed's Goolsbee warned AI optimism risks overheating, urged rethinking supply shock logic, and stressed the central bank's mandate does not require satisfying financial markets.
News detail
Nothing in the Fed Resreve Act says make sure bond market is happy, stock markets aren't surprised. Need to revisit the logic of looking through supply shocks. Price of oil could go down relatively quickly, but deeper problem is getting refineries back online. In the dot plot, one of the more optmistic folks at the Fed.
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