Warsh: AI Boom Isn't Immune to Higher Rates -- WSJ

By David Uberti

Fed Chair Kevin Warsh said he doesn't buy the notion that America's artificial-intelligence buildout is immune from higher borrowing costs, an apparent nod to recent tremors coursing through the riskiest corners of the stock and debt markets.

"Interest rates affect-directly or indirectly-almost everything," he said. Now, he added, "You see market participants that are discriminating between the kinds of investments they want to make. You've seen credit spreads for certain assets widen out, gap out."

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October 28, 2026 15:06 ET (19:06 GMT)