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Federal Reserve Chair: Artificial intelligence technology is putting pressure on the Fed and banking infrastructure

2026-07-18 19:47:56

Golden Finance reported that on July 19, Federal Reserve Chair Kevin Walsh this week warned that artificial intelligence technology can be used both to benefit society and to cause harm, putting pressure on the Federal Reserve and banking infrastructure, while he also predicted that the United States will gain long-term benefits.
“In the long run, I think the U.S. is the winner… but the long run may be quite far away.”

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