Sen. John Kennedy (R., La.) continues to sound skeptical about the case for looser monetary policy based on expected productivity gains from AI: "I don't buy the chair's argument that somehow if we just wait for AI, which will make all of us productive if it doesn't kill us first, inflation will come down. I'm not sure he ever believed that himself, but I don't know what the Fed's going to do. There are only two options that I can see. One is sitting tight until they can get more data, and two is raising rates. I'll know more by the end of the week." h/t @KThomasDC(Nick Timiraos)