Warsh Addresses Economic Shock from A.I., Promises Price Stability

• Federal Reserve officials are grappling with economic impacts from technological advancements, particularly AI.
• Warsh, a Fed official, highlights the complexity of the economic outlook due to persistent inflation risks.
• Warsh promises to maintain price stability despite the economic shock from AI.
• Markets react cautiously as Warsh refrains from providing clear signals on interest rates.
• Global central banks are tightening policies, with Warsh noting no 'free riders' in the effort.