US Federal Reserve Chair Kevin Warsh stated on Friday that AI technology represents the "most consequential change" to the global economy he has witnessed. He predicted its effects would be positive, driving prices up in the short term through demand-side effects but bringing a huge long-term benefit via supply-side shock, though the path forward would be "very bumpy". Warsh also noted the Fed expects to use AI to better analyze data for monetary policy. He reiterated his belief that the technology would make economies more productive if put to good use.