Mike Lee calls Fed Governor Lisa Cook’s warnings on artificial intelligence inflation pressure ‘laughably stupid.’ He claims the Federal Reserve’s rate policies are driven by political motives to protect the presidency.
Mike Lee calls Fed Governor Lisa Cook’s warning of artificial intelligence inflation pressure ‘laughably stupid’ during a live broadcast. He argues that interest rate policies are being politicized rather than focusing on actual economic data center demands. Lee claims the inflation narrative is being used to rationalize future rate cuts to protect the presidency from political losses.
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