Federal Reserve Chair Warsh said the Fed’s Productivity and Employment Task Force will hold a field hearing in the San Francisco Bay Area on Nov. 16, with a focus on how artificial intelligence is affecting the economy. He announced the plan during the IMF annual meeting in Bangkok and said the task force will take a closer look at AI’s effects on economic activity and labor markets. The group is one of five special task forces Warsh set up in June, each made up of external experts and focused on key areas tied to monetary policymaking. Warsh had previously said the task forces were expected to submit policy recommendations to the Federal Reserve around the end of this year. He did not comment on monetary policy or the outlook for the U.S. economy in this announcement.
Federal Reserve Chair Warsh said the Fed’s Productivity and Employment Task Force will hold a field hearing in the San Francisco Bay Area on Nov. 16, focusing on artificial intelligence and its effects on the economy.
Warsh announced the plan during the IMF annual meeting in Bangkok. He said the task force will study how AI is affecting economic activity and the labor market.
In June, Warsh set up five special task forces made up of external experts to examine key areas in monetary policymaking. He had previously said those groups were expected to submit policy recommendations to the Federal Reserve around the end of this year.
Warsh did not comment on monetary policy or the outlook for the U.S. economy.
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