FEDERAL RESERVE CHAIRMAN KEVIN WALSH PROMOTED THE REMODELLING OF THE AI SYSTEM, WHICH IN THE SHORT TERM REMAINS DEPENDENT ON THE TRADITIONAL INTEREST RATE TOOL

Federal Reserve Chairman Kevin Walsh has promoted the use of AI to reshape economic analysis and decision-making systems, but under inflationary pressures, the Fed continues to rely on traditional interest-rate instruments to stabilize prices in the short term. He hoped that real-time data from retailers and banks would reduce reliance on delayed data and that the Milton and Tobin AI models had been built. In addition, Walsh promoted internal expansion of AI applications and considered reducing the number of annual monetary policy meetings. After a press conference on 29 July, the United States stock market experienced fluctuations。