Warsh Says Rate Pressure Is Reaching the AI Boom

Fed Chair Kevin Warsh says higher rates are reaching the AI investment surge, and growth is broadening beyond it, per a Wall Street Journal report dated October 29. The federal funds range, the Fed's overnight bank-lending target, is 3.75% to 4.00%. Officials are split on whether AI spending eases or fuels inflation. Investment and inflation data will test his claim.