Kevin Warsh Wants to Know If AI Can Transform the Economy. The Answer Could Change Interest Rates
Published . Updated .
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This report is about US interest rates and AI and big tech.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF+1.1% 16d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “warsh” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF+0.6% 16d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “warsh” (US interest rates) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- JPM JPMorgan Chase+0.4% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “warsh” (US interest rates) in this story.
- BAC Bank of America-10.5% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “warsh” (US interest rates) in this story.
- DHI D.R. Horton+3.6% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “warsh” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “warsh” (US interest rates) in this story.
- MSFT Microsoft+1.1% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | +3.26% | +1.97% | base | after close | after close | after close | after close |
| IEF | +1.94% | +0.99% | base | after close | after close | after close | after close |
| QQQ | -0.18% | +1.53% | base | after close | after close | after close | after close |
| JPM | -1.26% | -0.84% | base | after close | after close | after close | after close |
| BAC | -0.84% | -0.69% | base | after close | after close | after close | after close |
| DHI | +6.91% | +1.29% | base | after close | after close | after close | after close |
| SCHW | -0.25% | -0.20% | base | after close | after close | after close | after close |
| MSFT | +4.01% | -0.68% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Kevin Warsh Wants to Know If AI Can Transform the Economy. The Answer Could Change Interest Rates 24/7 Wall St.
Source: 24/7 Wall St.
This story
| Company | When | Move | Status |
|---|---|---|---|
| BAC | three days earlier | -0.69% | final price |
| BAC | five days earlier | -0.84% | final price |
| DHI | three days earlier | +1.29% | final price |
| DHI | five days earlier | +6.91% | final price |
| IEF | three days earlier | +0.99% | final price |
| IEF | five days earlier | +1.94% | final price |
| JPM | three days earlier | -0.84% | final price |
| JPM | five days earlier | -1.26% | final price |
| MSFT | three days earlier | -0.68% | final price |
| MSFT | five days earlier | +4.01% | final price |
| QQQ | three days earlier | +1.53% | final price |
| QQQ | five days earlier | -0.18% | final price |
| SCHW | three days earlier | -0.20% | final price |
| SCHW | five days earlier | -0.25% | final price |
| TLT | three days earlier | +1.97% | final price |
| TLT | five days earlier | +3.26% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought IEF (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 67 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 38 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 72 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 26 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 33 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 67 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 90 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Microsoft (MSFT) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 18 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 25 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 31 days before publication. Filed 2 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Kevin Warsh Wants to Know If AI Can Transform the Economy. The Answer Could Change Interest Rates” scores 12 out of 100. The score uses 1 sources.