Former Chicago Fed President Charles Evans discusses the Fed's inflation challenge, noting it has been above target for 5-6 years. He suggests the new Fed Chair Warsh may need to hold rates longer or even hike, depending on Middle East conflict outcomes. Evans expresses concern about persistent inflation and structural labor market changes from AI.
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Chicago Fed
9.4
Central Bank
Charles Evans 8.5
Central Bank
Charles Evans 8.5
5/27/2026 10:13:35 AM
dxy
If the Fed holds rates higher or hikes, the dollar could strengthen.
metals
Persistent inflation and geopolitical uncertainty could drive demand for gold as a safe haven.
ndx
Evans does not directly discuss equities but implies higher-for-longer rates would pressure growth stocks. The AI-driven rally in memory chips is noted separately in the program but not by Evans.
rut
Evans discusses structural changes from AI that could reduce employment, which would negatively impact small caps. However, he doesn't give a clear directional view on equities specifically.
wti
Evans mentions the Middle East war conflict and its inflationary implications, suggesting oil prices could rise if the conflict persists.
yields
Evans suggests the Fed may need to hold rates higher for longer or even hike due to persistent inflation, which would push yields up. He notes inflation has been above target for 5-6 years and the Middle East conflict adds upward pressure.
Nobel laureate Simon Johnson warns that AI in its automating form could destroy jobs, but argues for using AI to strengthen human expertise instead. He discusses China's approach to agentic AI with less powerful chips, the UK's positioning between US and EU models, and how AI-powered drones are changing warfare and power dynamics globally.
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RUT
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MIT Sloan School of Management
2.5
Business School
Simon Johnson 9.0
Business School
Simon Johnson 9.0
5/27/2026 10:13:35 AM
dxy
Johnson does not discuss currencies directly, but his comparison of US, China, and UK models suggests a multipolar world that could keep the dollar rangebound.
metals
Geopolitical uncertainty and the transformative but disruptive nature of AI could drive safe-haven demand for gold.
ndx
Johnson discusses AI's transformative potential and the value in commercializing university ideas, which supports tech sector growth. However, he warns about job displacement and concentration of benefits, suggesting a cautious positive view on tech-heavy indices.
rut
Johnson warns that AI will displace workers and that new job creation is being neglected. Small caps, which are more exposed to domestic labor markets, could face headwinds from structural unemployment.
wti
Johnson discusses AI-powered drones changing warfare and mentions Iran and Russia using drones, implying ongoing geopolitical tensions that could support oil prices.
yields
Johnson does not discuss yields directly, but his focus on structural economic changes and the need for government intervention suggests uncertainty that could keep yields rangebound.