🚨 Fed Chair Kevin Warsh just warned of a “VERY BUMPY” AI transition.
“The advent of this new technology is probably the most consequential change to the U.S. and the global economy in my lifetime.”
Optimism is there but tempered:
“I want you to hear from me optimism, but optimism leavened by the seriousness of purpose.”
“The path from where we are to there is likely to be a very bumpy one bumpy in our understanding of the technology, bumpy because we really don’t know what the market structure is going to be.”
The Fed is watching AI closely.
#KevinWarsh #Fed #AI #Economy #Market
“The advent of this new technology is probably the most consequential change to the U.S. and the global economy in my lifetime.”
Optimism is there but tempered:
“I want you to hear from me optimism, but optimism leavened by the seriousness of purpose.”
“The path from where we are to there is likely to be a very bumpy one bumpy in our understanding of the technology, bumpy because we really don’t know what the market structure is going to be.”
The Fed is watching AI closely.
#KevinWarsh #Fed #AI #Economy #Market