Federal Reserve Chair Kevin Warsh announced that the Fed's Productivity and Employment Task Force will hold a field hearing in the San Francisco Bay Area on November 16 to examine artificial intelligence's impact on economic activity and the job market. The announcement was made during the IMF annual meetings in Bangkok, with the task force set to conduct in-depth research on how AI is reshaping productivity and employment dynamics.
Warsh established five task forces composed of external experts in June to study key areas relevant to monetary policy making. He previously indicated these groups are expected to submit policy recommendations to the Federal Reserve around the end of this year. No comments were made regarding current monetary policy or the U.S. economic outlook during the announcement.
Fed Chair Warsh Announces November Hearing on AI's Economic Impact
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