Fed Chair Warsh: Task force will hold hearings in November, focusing on the economic impact of AI.

PANews October 16 news, according to Jinshi, Federal Reserve Chairman Kevin Warsh said on Friday that the Federal Reserve's Special Task Force on Productivity and Employment will hold a field hearing in the San Francisco Bay Area on November 16, focusing on topics such as the impact of AI on the economy. Warsh announced the arrangement during the IMF annual meetings held in Bangkok. He said the task force will conduct an in-depth study of the impact of artificial intelligence on economic activity and the job market.

In June of this year, Warsh established five task forces composed of external experts to separately study key areas in monetary policy making. He previously said he expected these task forces to submit policy recommendations to the Federal Reserve around the end of this year. Warsh did not comment on monetary policy or the U.S. economic outlook this time.