TechBloomberg Tech1h ago
Fed's Warsh Says AI Will Change Monetary Policy Conduct
TL;DRFed official sees AI as a major economic game-changer that will reshape how central banks operate.
Why it matters: Central bank policy directly affects inflation, interest rates, and your investments—understanding their AI strategy matters.
Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime, calling it a positive supply shock over the medium term. He spoke at an IMF event moderated by IMF Chief Kristalina Georgieva in Bangkok, Thailand.…
Read full articleSource: Bloomberg Tech · Opens in new tab