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Federal Reserve Chairman Warsh: AI will "fundamentally change the implementation of monetary policy" by improving forecasting.
Former Federal Reserve Governor Kevin Warsh stated that artificial intelligence will "fundamentally change the conduct of monetary policy" by improving forecasting. He noted that the Federal Reserve currently still uses "old-fashioned models to torture data to figure out underlying inflation trends," but "before long, that will no longer be torture."
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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