The next Fed chair shouldn’t party like it’s 1999
It is premature to assume the AI era will lead to non-inflationary growth like the ’90s computing boom
It is premature to assume the AI era will lead to non-inflationary growth like the ’90s computing boom

FT-Booth Survey shows scepticism of productivity gains forecast by Trump’s pick as next Fed chair

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

History teaches that tech revolutions follow a predictable cycle of installation followed by creative destruction

A strong economy, a bubble that doesn’t burst, and a bit of AI sanity

Plus the employment/growth puzzle

Donald Trump’s pick for Fed chair believes boom will grow the economy and allow for swift rate cuts by the US central bank