Federal Reserve Chair Kevin Warsh plans to convene a public forum in San Francisco on November 16, 2026, to examine AI’s effects on inflation, productivity and jobs. The forum will not determine the Fed’s next interest-rate decision, scheduled for December 9, but its discussions could offer clues to policymakers’ views.
Warsh has argued that AI could lower production costs and ease inflation. Fed Governor Lisa Cook has warned that AI investment is adding inflationary pressure, while the hoped-for productivity gains remain uncertain. If that pressure persists, interest rates could stay high or rise, potentially weighing on Bitcoin. AI companies’ demand for electricity and data centers is also putting pressure on Bitcoin miners.
