Intel CorporationINTC
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Intel CorporationFederal Reserve Chairman Kevin Warsh did not directly address the $40 trillion national debt or historic deficits in his first Jackson Hole speech, just days after the gross national debt passed $40 trillion and Treasury market jitters spooked investors. The word "debt" appeared only once in his prepared remarks, when he thanked the hosts. Instead, Warsh hinted at a growth-oriented solution, praising artificial intelligence's potential for "substantially higher growth" and referencing a "super Moore's law," echoing Treasury Secretary Bessent and President Trump's optimism. He also requested "clear market signals" on Treasury prices and trading volumes, amid recent bond market volatility. The gross national debt reached $40.047 trillion on Aug. 18, and the CBO projects a $2.1 trillion annual deficit by Sept. 30, with deficits exceeding 4% of GDP every year since 2019.
Intel Corporation