Svmuu News: Federal Reserve Chair Wash is optimistic about the overall economic situation. He believes the labor market is generally stable, with virtually no layoffs, and that nominal wages have also increased. The Fed chair, however, takes a more cautious view of the boom in the artificial intelligence sector. While AI has driven an increase in business investment, it has also introduced uncertainty into the economy.
Wash stated, “We are not yet clear on the extent to which the economy can benefit from the development of artificial intelligence.” “New opportunities emerging in the economic sphere also present new challenges for policymakers. The Federal Reserve is closely monitoring the impact of these changes on inflation and the labor market.” (Jin Shi)