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Federal Reserve Chairman Warsh: I have appointed a task force in each of five areas to enable the Federal Reserve to make better decisions on monetary policy, which is crucial to the broad implementation of monetary policy.
Federal Reserve Chairman Warsh: We don’t yet know how much the economy will benefit from AI development.
Federal Reserve Chairman Warsh: The most prominent feature of the current economy is business investment. Its rapid pace—and appears to be accelerating—largely reflects the construction of data centers and the enormous demand for AI-related equipment and software filling those centers.
Federal Reserve Chairman Warsh: We are jointly and firmly committed to restoring price stability, which is the core topic of our June meeting.
Federal Reserve Chairman Warsh: My colleagues and I recognize that high inflation has been an undue burden on American households and businesses. Looking at a longer time horizon, underlying inflation is largely determined by monetary policy.