Bloomberg Surveillance · Tuesday, August 11, 2026
Marvin Low states that the argument for AI being disinflationary is difficult to make in the short term due to current capital demand and investment. He notes that while productivity gains from AI are expected in the future, calibrating these potential benefits within the present environment is challenging for policymakers.
“Do you think it's going to be much harder for FED chair Kevin Walsh to have that argument that ultimately AI is disinflationary.”
“Certainly in the short term.”
“You know, Jackson Hole is coming up. He's going to talk about the big items that he that you know, he referenced during the last FMC meeting. Uh, you know, will get a sense on kind of when that productivity can actually make its way into policy. But in the short term, it is going to be really really difficult to calibrate the potential for productivity gains five years down the line, within the environment that we have right now.”