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The Fed chief, Warsh, does not answer Senate questions about inflation, AI, and contact with Trump.

The Fed chief, Warsh, does not answer Senate questions about inflation, AI, and contact with Trump.

A2🇪🇸 Español → 🇺🇸 English

July 16th, 2026

The Fed chief, Warsh, does not answer Senate questions about inflation, AI, and contact with Trump.

A2
Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇺🇸 English

The president of the Federal Reserve, Kevin Warsh, did not give details on Wednesday.

El presidente de la Reserva Federal, Kevin Warsh, no dio detalles el miércoles.

He did not talk about topics like the impact of AI on inflation.

No habló sobre temas como el impacto de la IA en la inflación.

He also did not talk about his contacts with Donald Trump.

Tampoco habló de sus contactos con Donald Trump.

And he did not say how he will measure the inflation that continues.

Y no dijo cómo medirá la inflación que sigue.

He started his work seven weeks ago.

Empezó su trabajo hace siete semanas.

Since then, he has given less information about future interest rates than previous presidents.

Desde entonces, ha dado menos información sobre futuras tasas de interés que los presidentes anteriores.

Warsh said that a single price increase is not always inflationary.

Warsh dijo que un aumento único de precios no es siempre inflacionario.

The reason is that there is a supply response.

La razón es que hay una respuesta de oferta.

He said that putting money into AI buildings will probably raise prices. This will happen in the next 12 months. That is 12 months from now.

Dijo que la inversión en infraestructura de IA probablemente subirá los precios en los próximos 12 meses.

But the Fed will decide if that is inflationary.

Pero la Fed decidirá si eso es inflacionario.

The cost of chips and memory has gone up because of spending on data centers.

El costo de chips y memoria ha subido por el gasto en centros de datos.

Companies like Apple and Microsoft have raised the prices of laptops and tablets.

Empresas como Apple y Microsoft han subido los precios de laptops y tabletas.

The Fed's June meeting notes say many officials think AI demand will keep pushing up tech and electricity prices.

Según las actas de la reunión de la Fed de junio, muchos funcionarios creen que la demanda de IA mantendrá presión al alza sobre precios tecnológicos y electricidad.

The committee is split on whether to raise rates at the end of the year.

El comité está dividido sobre si subir tasas a finales de año.

Warsh said the good inflation data from June was not important.

Warsh restó importancia a los datos positivos de inflación de junio.

That data showed a yearly slowdown to 3.5%.

Esos datos mostraron una desaceleración anual al 3,5%.

He said he will use a task force to study the Fed's data sources.

Dijo que usará un grupo de trabajo para estudiar las fuentes de datos de la Fed.

Warsh said again that he will act independently.

Warsh repitió que actuará de forma independiente.

He will also resist political pressure from Trump.

También resistirá presiones políticas de Trump.

But he did not answer if he has talked to him since his appointment.

Pero no respondió si ha hablado con él desde su nombramiento.

He said Trump chose an independent for the job.

Dijo que Trump eligió a un independiente para el cargo.

And he plans to do that role.

Y planea cumplir ese rol.

Trump attacked Warsh's predecessor, Jerome Powell, for not cutting rates.

Trump atacó al predecesor de Warsh, Jerome Powell, por no recortar tasas.

That caused worry about the Fed's independence.

Eso generó preocupación sobre la independencia de la Fed.

July 16th, 2026

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