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【Waller: Recent inflation data doesn’t fully reflect real pressure; AI investment is beneficial for jobs in the short term】Golden Finance reported that on July 15, Federal Reserve Chair Waller said at a hearing on the “Federal Reserve Semiannual Monetary Policy Report” that recent inflation data cannot perfectly reflect underlying inflation conditions. He said that any central bank would be pleased when data moves in the right direction. One-off price changes do not necessarily lead to inflation. In addition, regarding the impact of artificial intelligence, he said that in the short term, AI investment will be good for jobs, and AI will bring disruptive change. AI investment could be very beneficial for employment because the United States is building infrastructure. Waller said he is seeking authorization to obtain a range of new AI models, and he currently sees that AI’s impact on demand is happening faster than its impact on supply. (Jin Ten)