Deep Tide TechFlow message: On July 15, Federal Reserve Chair Wosh 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. He believes that artificial intelligence is a long-term job creator and could bring disruptive effects. Regarding AI’s short-term impact, Wosh said it cannot be guaranteed that it will not cause employment disruption, nor can it make people feel at ease about employment issues. “The price spikes triggered by AI are real, and I don’t want to downplay that,” he said. (Jin10)