Federal Reserve Chair Warsh said artificial intelligence will make the economy more productive and create more wealth, according to ChainCatcher. At the same time, he cautioned that the path toward that outcome will not be smooth. Warsh described the transition as one likely to face turbulence even if the long-term effect is stronger productivity and greater wealth creation. The remarks focused on AI’s economic impact and the difficulty of getting from current conditions to those expected gains. No further details were provided in the brief.
Federal Reserve Chair Warsh said artificial intelligence will make the economy more productive and create more wealth, according to ChainCatcher.
He added that the path to that outcome will be full of twists and turns.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
