Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.
The task force, unveiled Thursday, is part of a broader initiative to bring outside expertise into the Federal Reserve's policymaking process. The AI panel is one of five advisory task forces announced by the central bank. According to the Fed, its mission is to evaluate the economic impact of general-purpose technologies, including AI, and help inform future monetary policy decisions. The group is expected to complete its work by the end of the year.
