Fed Chair Warsh Convenes Nov 16 Forum on AI’s Impact on Inflation

Cointime update: Federal Reserve Chair Kevin Warsh will convene a public forum in San Francisco on Nov 16 to discuss AI’s effects on inflation, productivity and employment, with tech executives, economists and employers taking part. The forum will not produce rate decisions; the next FOMC meeting is set for Dec 9. Warsh argues AI can let firms expand output at lower cost and ease inflation, while Governor Lisa Cook warned in September that AI investment is raising power, chip, materials and skilled-labor costs.