U.S. Treasury Secretary Besant: Fed under Warsh will closely monitor AI's impact on employment

Odaily News U.S. Treasury Secretary Besant stated that under the leadership of Kevin Warsh, the Federal Reserve chair nominee by Trump, the Fed will closely monitor to ensure there is no "timing mismatch" between employment and productivity in the context of rapid AI development. Speaking via video at an event hosted by Brazilian investment bank BTGPactual, Besant said the U.S. economy's average growth rate in the last three quarters of 2025 will reach 4.1%, and predicted that nominal GDP growth (excluding inflation) this year could reach 6%. Besant noted that historically, productivity booms have often been accompanied by employment booms, and the Fed will monitor this closely "to ensure there is no timing mismatch." (Jin10)