Federal Reserve Chair Kevin Warsh said he is optimistic on the overall economy, Noting a broadly stable labor market, few layoffs and some nominal wage growth. He warned he is more cautious about the AI boom, saying AI has boosted corporate investmen

2026-07-14

Federal Reserve Chair Kevin Warsh said he is optimistic on the overall economy, Noting a broadly stable labor market, few layoffs and some nominal wage growth. He warned he is more cautious about the AI boom, saying AI has boosted corporate investment but adds uncertainty and “we are not yet clear on the extent to which the economy will benefit from AI’s development.” The Fed is closely monitoring AI’s effects on inflation and the labor market.