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Federal Reserve Chair Wosh: Optimistic about the economy, cautious about AI’s boom

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Golden Finance reported that on July 14, Federal Reserve Chair Waller was optimistic about the overall economic outlook. He believes the labor market is generally stable, with almost no layoffs, and nominal wages have also been rising. The Fed chair is even more cautious about the boom in the artificial intelligence sector. He believes that while AI has driven an increase in corporate investment, it has also brought uncertainty to the economy. He said, “We don’t yet know to what extent the economy will benefit from the development of AI.” “New opportunities in the economic landscape also bring new challenges for policymakers. The Federal Reserve is closely monitoring how these changes will affect inflation and the labor market.”
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