Fed Chair Warsh to Assess AI Risks
Federal Reserve officials are weighing the economic benefits and risks of the ongoing artificial intelligence boom. Fed Chairman Kevin Warsh will host a public forum in San Francisco to address growing concerns over employment and inflation.
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Federal Reserve Chairman Kevin Warsh will weigh AI's economic transformation on Monday in San Francisco amid mounting public backlash across the United States. The forum marks the only public event from five task forces Warsh established this year to examine major structural shifts. Central bankers are wrestling with the tension between rapid productivity gains and inflationary data center construction.
