Federal Reserve Chair Kevin Warsh said Friday that the Fed’s Productivity and Employment Task Force will hold an in-person hearing in the San Francisco Bay Area on Nov. 16, with AI’s impact on the economy set as a central topic. Warsh announced the plan during the IMF annual meetings in Bangkok and said the task force will examine how artificial intelligence is affecting economic activity and labor markets. He also referred to five special task forces he set up in June, each made up of external experts and focused on key areas in monetary policymaking. Warsh had previously said those groups 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 latest appearance.
Federal Reserve Chair Kevin Warsh said Friday that the Fed’s Productivity and Employment Task Force will hold an in-person hearing in the San Francisco Bay Area on Nov. 16, focusing on AI’s impact on the economy and related issues.
Warsh announced the arrangement during the IMF annual meetings in Bangkok. He said the task force will take a closer look at how artificial intelligence is affecting economic activity and the labor market.
Five task forces were set up in June
Warsh said he established five special task forces in June, each composed of external experts and each assigned to study key areas in monetary policymaking. He had previously said the 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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