Fed’s Kashkari Says AI Not Only Driver of US Economic Growth
THE SO WHAT
Kashkari pushing back on an “AI-only” growth story is a reminder that macro policy won’t be set around AI narratives alone—construction and other sectors still anchor the Fed’s view. For planning, don’t assume AI hype will translate into looser policy or guaranteed cheap capital; underwrite projects on fundamentals, not on presumed AI-driven tailwinds.
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