Larry Kudlow: This is a ‘MEDIA HOAX'

• The media's sudden 'panic' over AI regulation is labeled a political 'hoax' by Democrats to sway midterm elections.
• Kudlow argues against more government regulation for AI, emphasizing free enterprise and the importance of not slowing down AI development.
• The media is accused of wrongly pushing the Federal Reserve to hike interest rates, as inflation (excluding 'Owners' Equivalent Rent') is argued to be near the Fed's 2% target.

Larry Kudlow asserts that the media's sudden 'panic' over AI regulation is a political 'hoax' by Democrats to influence midterm elections. He argues against increased government regulation of AI, advocating for free enterprise. Kudlow also criticizes the media for pressuring the Federal Reserve to raise interest rates, suggesting that inflation is not as severe as portrayed, especially when excluding 'Owners' Equivalent Rent' from CPI.