Warsh says Fed cares 'very much' about AI developments
Warsh said the Fed should create a task force to study artificial intelligence’s impact on inflation and monetary policy, with a report due by year-end.
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LatestlyUS Fed Chairman Kevin Warsh calls for task force to assess AI's implications for future monetary policy
US Federal Reserve Chairman Kevin Warsh called for a task force to be established to assess the implications of artificial intelligence for future monetary policy, saying it should report by the end of the year, as AI could have significant effects on both demand and supply in the economy.
Warsh says Fed cares 'very much' about AI developments
Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...
The Federal Reserve raised its benchmark rate, but Kevin Warsh pointed to an additional force behind the 10-year rise in the Treasury bond: the huge demand for funding from AI hyperscalers.
Artificial intelligence continues to occupy its own space in the Federal Reserve (Fed) analysis. So much so that Kevin Warsh devoted a substantial part of his press conference to the 'IA question' to give it economic and monetary relevance, but he also advanced that before 2027 a report with the Fed's first conclusions on AI will be published.
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