Federal Reserve Chairman Jerome Powell's Insights

Federal Reserve Chairman Jerome Powell has clarified that the Federal Reserve is not currently utilizing productive AI.

Looking ahead, Powell anticipates that inflation will settle between 2% and 3% within the next year.

Addressing future interest rates, Powell mentioned that while many believe the era of ultra-low interest rates is over, the future remains uncertain.

Overall, Powell's comments provide a measured outlook on inflation and interest rate trends, highlighting the challenges of predicting long-term economic conditions.

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