UBS On-Air: Paul Donovan Daily Audio 'Prices and productivity'
About this episode
The episode discusses Federal Reserve Chair Warsh's testimony on inflation and productivity, highlighting the complexities of economic policy.
Federal Reserve Chair Warsh testified to Congress—at times sounding like a Bundesbank member, with a vehement denunciation of inflation. Warsh was keen to say the Fed was solely responsible for inflation—that is challenged by Fed research ascribing roughly 1ppt of last year’s inflation to US tariffs. Warsh also displayed a troubling fascination with the productivity pixie of artificial intelligence—technology is not a reliable driver of macroeconomic productivity, and believing that might result in policy mistakes.
More episodes of UBS On-Air: Market Moves
- UBS On-Air: Paul Donovan Daily Audio 'Sound and fury'
- Top of the Morning: The AI Economy - A roadmap
- Signal over Noise: Why the semiconductor pullback does not mean an AI glut
- UBS On-Air: Paul Donovan Daily Audio 'More violence, same response'
- Washington Weekly Podcast: SCOTUS testimony, Confirmation hearings, US-Iran
- Top of the Morning: CIO Equity Pulse - Monthly performance update & outlook
Explore listener stats, chart rankings, contacts and more on the UBS On-Air: Market Moves podcast page.