A big interest rate cut is coming!

Old logic: When economic growth is too fast and unemployment is too low, it leads to inflation. So the central bank, seeing the economy getting hot, quickly raises interest rates to cool it down.
The new Federal Reserve chair, Kevin Walsh: An AI-driven productivity surge can slash costs, increase output, and achieve high-speed growth even under deflation.
With the inflation threat gone, the Federal Reserve should cut interest rates—so more funds flow to the real economy and technology R&D.