FED WARSH SAYS AI MOST CONSEQUENTIAL CHANGE TO ECONOMY IN HIS LIFETIME

What happened: Fed's Warsh said AI is probably the most consequential change to the US and global economy in his lifetime, speaking at an IMF-World Bank event in Bangkok. Why it matters: He said the Fed weighs AI's short-term inflation pressure and long-term supply benefits soberly, and expects the Fed to use AI to better analyse data for monetary policy. Key numbers: none.

Fed's Warsh said AI is probably the most consequential change to the US and global economy in his lifetime, speaking at an IMF-World Bank event in Bangkok.

He said the Fed weighs AI's short-term inflation pressure and long-term supply benefits soberly, and expects the Fed to use AI to better analyse data for monetary policy. Key numbers: none.