Svmuu News: Federal Reserve Chair Wash, testifying before the Senate Committee on Banking, Housing, and Urban Affairs at a hearing on the “Federal Reserve’s Semiannual Monetary Policy Report,” stated that recent inflation data do not fully reflect underlying inflation trends; in the short term, AI investment is beneficial for employment and will trigger disruptive changes; he has shifted his investments to cash equivalents and short-term Treasury bonds, and expects AI to push up observable price levels over the next 12 months; whether AI will lead to inflation depends on the Federal Reserve.