Wash: Recent inflation data does not fully reflect real pressure; AI investment is beneficial for employment in the short term

Odaily Odaily reports that during the "Federal Reserve Semi-Annual Monetary Policy Report" hearing, Federal Reserve Chair Wash stated that recent inflation data does not perfectly reflect underlying inflationary conditions. He noted that any central bank would be pleased when data moves in the right direction. One-time price changes do not necessarily lead to inflation. Additionally, regarding the impact of artificial intelligence, he said that in the short term, AI investment is believed to be beneficial for employment, and AI will trigger disruptive changes. AI investment could be very favorable for employment, as the United States is currently building infrastructure. Wash stated that he is seeking access to a range of new AI models and currently sees AI impacting demand faster than supply. (Jin Shi)