Wash: Skeptical of the View That Rate Hikes Won’t Impact AI

At a press conference, Federal Reserve Chair Jerome Powell noted that while oil prices continue to rise, interest rates have declined; he questioned the notion that “rate hikes won’t affect AI,” prompting listeners to decide for themselves whether “AI” here stands for “Artificial Intelligence” or “Aggregate Investment”; he also explicitly stated that he is closely monitoring the real-world impact of rate changes on the technology sector.