Warsh's Words Send Markets Soaring, but AI Risks Loom Large

The US labor market is solid and monetary policy is not restrictive, according to John Warsh's recent remarks at the Federal Reserve Bank of Kansas City's Jackson Hole Symposium.

Bond traders and policy watchers took his comments as a sign that interest rates will soon rise, with one financial historian noting that it increases the probability of a confrontation between President Trump and the Fed.

Rustin Miles, founder of security firm Bluefin, is also warning about potential risks in brick-and-mortar shopping due to the increasing use of artificial intelligence. He believes there needs to be encryption at the point of transaction to protect against new forms of AI-powered threats.