Fed Chair Kevin Warsh on Wednesday pushed back against common views that the AI boom is carrying the U.S. economy and that it is too flush with cash to care much about interest rates. Warsh stated that "interest rates get in the cracks" and that economic growth is "broadening" beyond the tech sector. These two positions could suggest conflicting directions for future rate hikes, with stronger aggregate demand arguing for more, but a more rate-sensitive AI boom implying each increase has a greater impact.