Fed’s Kashkari Bullish on AI, Flags Link to US Inflation Risk

Kashkari's framing is notable less for the AI optimism than for the linkage: a Fed official treating AI as an inflation variable rather than a purely productivity story. That cuts both ways for the sector — AI-driven capex and energy demand could keep price pressures alive, complicating the rate path that risk assets, including tokenized real-world assets, are priced against. The open question is whether other Fed voices adopt the same framing, since that would shift how the market reads AI-linked growth.