Walsh: Recent inflation data does not fully reflect real pressures, AI investment will benefit employment in the short term

Odaily reported that Federal Reserve Chairman Walsh, while attending the hearing on the "Fed's Semiannual Monetary Policy Report," stated that recent inflation data does not perfectly reflect the underlying inflation situation. He noted that any central bank would be pleased when data is moving in the right direction. One-time price changes do not necessarily lead to inflation. Additionally, regarding the impact of artificial intelligence, he stated that in the short term, AI investment is believed to benefit employment, and AI will trigger disruptive changes. AI investment could be very favorable for employment, as the United States is building infrastructure. Walsh said he is seeking access to a range of new AI models and currently sees the impact of AI on demand coming faster than its impact on supply. (Jinshi)