Federal Reserve Chair Waller Cautious on AI Boom

Odaily reports that Federal Reserve Chair Waller is optimistic about the overall economic situation. He believes the labor market is generally stable, with almost no layoffs and nominal wage growth. However, the Fed Chair takes a more cautious stance on the boom in the artificial intelligence sector. While AI is driving increased corporate investment, it also introduces uncertainty into the economy.

Waller stated, "We are still unclear about the extent to which the economy can benefit from the development of AI." "The new opportunities emerging in the economic sphere also present new challenges for policymakers. The Federal Reserve is closely monitoring the impact of these changes on inflation and the labor market." (Jin Shi)