Fed's Warsh calls AI a positive supply shock, avoids October rate signal
- —Warsh described AI as a positive supply shock for the economy
- —He said the transition period would be "very bumpy"
- —AI's short-term impact on employment remains uncertain
- —No signal was given on an October rate decision
Why it matters: The lack of a rate signal keeps uncertainty elevated for risk assets, including crypto.
Source: Seeking Alpha Crypto