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Fed's Kashkari Says He's Skeptical AI Is Replacing Workers, but It May Push up Rates
(Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that while he doesn't believe artificial intelligence will quickly replace U.S. workers, massive investment in AI ... Read More
Fed's Kashkari: Economy may not be slowing as much as we think
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge, ... Read More
Fed Cuts Interest Rates Again to Protect Jobs as Economic Risks Grow
Key Takeaways The Federal Reserve lowered its key interest rate today by a quarter of a percentage point, as widely expected.Fed officials aim to boost the faltering job market as concerns over ... Read More
Fed lowers interest rates as it struggles to assess state of US economy without key government data
Even in the best of times, the Fed has a tough time interpreting the data and deciding how best to guide the US economy. Read More
Fed cuts interest rate by a quarter point as government shutdown clouds economic outlook
Wednesday’s decision brings the Fed’s key rate down to about 3.9%, from about 4.1%. The central bank had cranked its rate to roughly 5.3% in 2023 and 2024 to combat the biggest inflation spike in four ... Read More
The Federal Reserve Will Make Policy Decisions Today—Here's What You Need to Know
A Fed rate cut may be coming, but uncertainty over inflation, jobs, and the shutdown could shape what’s next for the economy—and your wallet. Read More
Fed's Kashkari says he's skeptical AI is replacing workers, but it may push up rates
Kashkari sees AI investment driving borrowing costs higher Kashkari supports gradual Fed rate cuts, says drastic cuts would spark inflation 'Grand declarations' about AI replacing workers may not pan ... Read More
Fed's Kashkari: Economy may not be slowing as much as we think
Kashkari sees more risk of labor market downturn than inflation surge Sees rate cuts as insurance against unlikely dire outcomes The longer government shutdown, the less confident in read on economy: ... Read More
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