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Kevin Warsh's First Appearance Before Congress
Yesterday, Kevin Warsh presented his first
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Yesterday, Kevin Warsh presented his first semi-annual monetary policy report as Federal Reserve Chair before the House Financial Services Committee, and the central theme of his speech was the unprecedented investment boom surrounding artificial intelligence. According to him, the most striking feature of the current economy is business investment, which is growing rapidly and appears to be accelerating, reflecting the construction of data centers and the colossal demand for AI-related equipment and software. Equipment investment rose by approximately 8 percent
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Jakub Novak,
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