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Federal Reserve Chairman Warsh acknowledged tightening credit conditions and the impact of high interest rates on technology investments such as AI, but refused to describe overall financial conditions as "tight."
Federal Reserve Chairman Warsh acknowledged tightening credit conditions, widening credit spreads, and the impact of high interest rates on tech investments, including AI. However, he refused to describe overall financial conditions as "tight," suggesting the Fed is willing to tolerate more market pressure before changing its policy direction.
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