Federal Reserve Chair Warsh said on Oct. 16 that the Fed will hold an in-person hearing on artificial intelligence in the San Francisco Bay Area on Nov. 16. He said AI may be the most important change facing both the U.S. economy and the global economy. Warsh also described AI as a positive supply shock over the medium term. The remarks point to a formal discussion by the central bank on the economic implications of artificial intelligence later this year.
Federal Reserve Chair Warsh said on Oct. 16 that the Fed will hold an in-person hearing on artificial intelligence in the San Francisco Bay Area on Nov. 16.
Warsh said artificial intelligence may be the most important change in the U.S. economy and the global economy. Over the medium term, he described AI as a positive supply shock.
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