FOMC Minutes - 2026-02-17

Lots of talk about productivity growth in general and AI in particular. It's getting so obvious that even the FOMC can see it. That said, believe it or not, "several participants" would have supported language "reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels." So raise rates and slow the productivity revolution -- yeah, that's a good idea. Hopefully Chair Warsh will 'splain it to to 'em.