Fed Chair Warsh: Most Fed Officials See US Economy as Not Overheating

Warsh's framing ties the Fed's read on inflation to a productivity story, and specifically to superintelligence — an unusually direct link between AI capability and the policy outlook. That matters because it gives the central bank room to look past strong growth without treating it as a price-pressure signal. The open question is whether other officials publicly echo this productivity-led interpretation or keep their focus on demand-side risks, and whether incoming productivity data supports the claim.