Fed Chair Kevin Warsh pushes for AI to reshape the analysis system; in the short term, reliance on traditional interest rate tools remains
2026-08-10 19:13:45
According to CoinMeta, Federal Reserve Chairman Kevin Warsh is pushing to use AI to reshape the economic analysis and decision-making system. However, under inflationary pressures, the Fed still relies on traditional interest rate tools in the short term to stabilize prices. He hopes to reduce reliance on lagging data by utilizing real-time data from retailers and banks and has already established Milton and Tobin AI models. In addition, Warsh is advocating for an expansion of the use of AI internally and is considering reducing the number of annual monetary policy meetings. Following the press conference on July 29th, there were fluctuations in the U.S. stock and bond markets.
Source:Internet
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