investment appears to be powering the economy. True. While the nonAI economy is already struggling, true. To hit its inflation objective, the Fed either needs to rein in the AI boom, true, or put even more pressure on the rest of the economy. Neither is a good outcome. This is the point I keep making. Your job is to make money. It is not to sit there and think about the past. Remember Visser Labs, the V the left side linear. This is where your economists are giving you BS. The Goldman P [clears throat] core inflation forecast. [cough]
To hit its inflation objective, the Fed either needs to rein in the AI boom, true, or put even more pressure on the rest of the economy.