Kevin Warsh said he expects AI to lift observable price levels over the next 12 months and that whether AI becomes inflationary will depend on the Federal Reserve’s response. He said AI is likely a long-term jobs creator that could have disruptive effects, but cannot rule out short-term job disruption and offered no reassurance on employment. He warned that AI-driven price spikes are real and should not be downplayed.

2026-07-15

Kevin Warsh said he expects AI to lift observable price levels over the next 12 months and that whether AI becomes inflationary will depend on the Federal Reserve’s response. He said AI is likely a long-term jobs creator that could have disruptive effects, but cannot rule out short-term job disruption and offered no reassurance on employment. He warned that AI-driven price spikes are real and should not be downplayed.