As more and more senior Fed officials say AI fuels inflation, Kevin Warsh is an exception.

When President Donald Trump chose him to lead the Federal Reserve, Kevin Warsh argued that the boom in artificial intelligence would help bring inflation under control.

More than a dozen of his colleagues, including two other Trump appointees, now say it does the opposite, helping fuel inflation, which could soon translate into even higher interest rates on credit cards, auto loans and mortgages.

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