US President Trump clashes with the Fed over rates as AI fuels economic pressure

President Donald Trump is urging the Federal Reserve to cut interest rates sharply, arguing that lower rates would support the rapid build‑out of AI data centres, boost hiring and ease the cost of servicing U.S. debt. The new Fed chair, Kevin Warsh, a noted hawk, faces pressure from the president despite the Federal Open Market Committee keeping the federal funds rate in the 3.5%‑3.75% range.

Meanwhile, telecom operators worldwide are capitalising on the surge in AI token usage. Global token consumption is projected to rise from 114 trillion in 2024 to an estimated 400 trillion in 2026, straining network infrastructure and creating a new revenue stream for carriers. Executives from China Mobile and Huawei say token‑based pricing and upgraded compute‑network services will enable operators to monetise the AI economy.