BOJ's Asada cautions against near-term interest rate hike
Asada said growth and consumption lacked momentum despite positive real wages, and questioned whether demand was driving recent price increases.
Johnson says support is building for tighter chip export limits on China
Republicans want to add restrictions to an annual defense bill, while lawmakers are pushing four measures covering chip exports, tracking and remote access.
House Speaker Mike Johnson said November 12 that lawmakers were moving toward agreement on restricting advanced chip exports to China. The Louisiana Republican told reporters at the Capitol that he supported limits on Chinese access to the technology.
Members of both parties have urged tighter controls on advanced artificial intelligence chips. Nvidia processors are used to build AI models, and the United States has sought to restrict Chinese access out of concern that the technology could benefit China's military.
Republicans in Congress want to put additional export restrictions into the annual defense authorization bill, according to a Senate aide who requested anonymity. The military funding measure generally draws support from both parties.
Statements issued since November 9 show lawmakers seeking support for at least four bills with different approaches:
- The AI Overwatch Act would expand congressional authority over exports of advanced AI chips.
- The Chip Security Act would mandate location tracking for advanced AI processors to help prevent smuggling.
- The Match Act would press American allies to curb sales and servicing of advanced chipmaking equipment bound for China.
- The Remote Access Security Act would equip the Commerce Department to block Chinese companies from renting overseas data center capacity to use Nvidia chips.
Jensen Huang is also expected to appear before Congress ahead of Thanksgiving on November 26. House Foreign Affairs Chairman Brian Mast said November 12 that congressional staff had discussed the timing and venue with Nvidia the previous evening.