“Warsh listed several questions that policymakers will study as AI becomes entrenched in the US economy and beyond. Read more >>
Tag: Federal Reserve
Federal Reserve Calls for Banks to Embrace AI and Crypto to Remain Relevant
“Federal Reserve Governor Michelle Bowman has called on the banking industry to embrace artificial intelligence (Al) and cryptocurrency (crypto) technologies, signaling a significant shift in the central bank’s approach to digital assets. Speaking at the Wyoming Blockchain Symposium, Bowman warned that banks risk becoming irrelevant if they resist adopting these technologies.” Read more >>