WALSH: RECENT INFLATION DATA DO NOT FULLY REFLECT REAL PRESSURES FOR AI TO INVEST IN EMPLOYMENT IN THE SHORT TERM

On 15 July, Federal Reserve Chairman Walsh stated at the Fed's semi-annual monetary policy report hearing that recent inflation data did not provide a perfect picture of potential inflation. He said that any central bank would be happy when the data moved in the right direction. One-time price changes do not necessarily lead to inflation. In addition, with regard to the impact of artificial intelligence, he said that it was believed that investment in artificial intelligence would be beneficial to employment in the short term and that artificial intelligence would trigger subversive changes. Investment in artificial intelligence can be very beneficial to employment, as the United States is building infrastructure. Walsh stated that he was seeking permission to acquire a range of new artificial intelligence models, which were now seen to affect demand faster than supply. Kim Xian