SKN | Fed’s Warsh Weighs AI’s Impact as U.S. Grows Wary of the Technology Boom
Economic Reports & Macro Data The Federal Reserve is taking a closer look at the economic consequences of artificial intelligence as the technology’s rapid expansion increasingly creates both opportunities and risks for the U.S. economy. Fed Chair Kevin Warsh will convene a public forum in San Francisco on Monday to examine how AI could influence inflation, employment, productivity and financial stability as public concerns over the technology grow. Fed Turns to AI at a Critical Economic Moment The forum is the only scheduled public event among five task forces Warsh established earlier this year to examine issues considered important to the Federal Reserve. Its timing is significant: trillions of dollars are being directed toward data centers and related infrastructure, while the technology is simultaneously […]
