Telis Demos

speaker

1,116 appearances 8 recordings 1 series first heard Jul 2026 last heard 6d ago

Telis Demos’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Aug 2026 with 4.

Appearances

newest first · ▶ plays the moment

WSJ's Take On the Week · Why Oil Prices Could Hit a Breaking Point by Year End · 2 Aug 2026 podcast

Their yields went down. matched

Longer-term treasuries, 10 years and especially 30 years, went up. matched

That's a move that suggests that people think that the Fed is behind the curve, that they should have hiked rates, and now they're going to have to do it more aggressively in the future. matched

What did you take away from the Warsh press conference that everyone's talking about? matched

Well, I've seen commentary from people who are trying to get in the Fed's head a little bit on this or get in Warsh's head in particular. matched

And I've said that all this bond issuance and CapEx from hyperscalers is part of what is pushing up those long-term interest rates. matched

And so in a sense, maybe it is the market speaking, saying there's a lot of bonds coming. matched

A lot of people want to raise money. matched

That's going to naturally start to raise interest rates. matched

And then the Fed can – matched

then the Fed will have to make a decision at some point about whether or not they think that that will be inflationary, whether all this capex will just push prices up, or whether, as Kevin Warsh and others have posited, that there will be a productivity boost out of this in the long run and that the Fed should just sort of let things play out as they will. matched

But the fact that Warsh doesn't say anything, to your point, leaves the market to its own devices. matched

Tech stocks had initially fallen on the day of the meeting. matched

Totally. matched

Yeah. matched

Well, and there's a positive spin to put on all of this, which is like, look, we're making big investments in the future of the American economy. matched

We are building giant new data centers. matched

We are upgrading power grids, all these things that will power long-term U.S. matched

economic growth, which is something that will push up interest rates. matched

And then we all have to figure out and the Fed has to figure out again whether or not that translates into healthy productivity growth that lets everyone sort of get richer from that or if it just gobbles up a bunch of resources and nobody really benefits and we're going to have to find some way to slow all that down. matched

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