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Worche: Whether AI will lead to inflation depends on the Federal Reserve

BlockBeatNews
BlockBeats message: On July 15, Federal Reserve Chair Wosch said he expects that over the next 12 months, artificial intelligence will push up the observable price level. Whether AI will lead to inflation depends on the Federal Reserve. Believing that artificial intelligence is a long-term job creator and may bring disruptive effects, Wosch added that regarding the short-term impact of AI, it cannot be guaranteed it will not disrupt jobs, nor can it bring people reassurance about employment issues. “The price surge caused by artificial intelligence is real, and I don’t want to brush it off lightly.”
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