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Chicago Federal Reserve President Austan Goolsbee said on Wednesday that even if artificial intelligence proves as transformative as anticipated, the Fed would still need to monitor for rising inflation and economic overheating.
- 💬 Goolsbee stated that if AI “is as good as advertised, it would be lovely, wonderful, it will make us rich.”
- 🏛️ The statement was made by Chicago Fed President Austan Goolsbee on Wednesday, May 6.
- 📊 The Fed’s inflation-monitoring role would persist regardless of AI’s economic impact, according to the official’s remarks.
Source: Channel News Asia – Read the full article →
