TechFlow, October 16 — According to Jinshi Data, Federal Reserve Governor Waller said: The interview process for the Fed chair position is progressing smoothly. Had a pleasant discussion with Treasury Secretary Bessent; progress has been rapid. Successfully completed interviews for the Federal Reserve chair position. Has not spoken with President Trump yet and is unsure whether such a conversation will happen. He stated that rate cuts are the right move. We can cut rates by 25 basis points, see what happens, and gain clearer insight. Uncertainty over tariffs and artificial intelligence have put businesses on the back foot. Tariff uncertainty, along with concerns about AI potentially boosting productivity, are making CEOs hesitant to hire. Corporate investment is concentrated in AI rather than broad-based investment.
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