Bloomberg Businessweek Powell Says No Plans to Leave Fed Until Investigation Over
Mar 18, 2026
Hendy Susanto, portfolio manager specializing in tech and semiconductors, breaks down Micron’s earnings and memory market capacity. Greg Peters, co-CIO of PGIM Fixed Income, explains market moves, rising yields, and how Powell’s stance shaped expectations. They discuss AI-driven demand, supply timelines, inflationary effects from tariffs, and near-term rate and macro implications.
AI Snips
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Episode notes
AI Might Raise Prices Now Then Lower Them Later
- Both Powell and Peters said Gen AI can be inflationary near term (demand for services, talent, hardware) but potentially disinflationary long term through productivity gains.
- Peters used the electrician example to illustrate near-term resource-driven price pressure before longer-term output gains.
Kalshi CEO Calls Arizona Charges Political Overreach
- Kalshi CEO Tarek Mansour described Arizona's criminal charges as a political overreach meant to subvert federal courts rather than a merits-based gambling case.
- He said Kalshi filed a federal suit with the CFTC on jurisdiction and will fight state criminal actions as meritless and politically motivated.
Federal Preemption Versus State Lawsuits On Prediction Markets
- Mansour argued federal preemption should protect prediction markets and warned similar state suits could target established derivatives exchanges.
- He emphasized Kalshi spent years pursuing federal regulation and has CFTC support while states press criminal actions.