Dan Tolomay, CIO at Trust Company of the South, was recently quoted in a CNBC article examining how artificial intelligence may shape the Federal Reserve’s longer-term outlook.

The piece outlines how Fed officials are watching productivity trends as AI adoption grows, and what that could mean for employment, inflation and the path of interest rates over time. It also notes the Fed’s longer-run projection for the federal funds rate.

Dan commented on the market side of the conversation, pointing to the parallels some investors see between today’s data center buildout and prior capital spending cycles. “The fact that we see a run up in valuations makes us a little more cautious about future returns,” Dan said. His remarks reflect Trust Company’s approach: stay disciplined, separate long-term fundamentals from short-term excitement and keep portfolios aligned with client goals.

Read the full piece here.