Warsh Says AI Could Boost Productivity, Warns Path Will Be ‘Very Bumpy’

Federal Reserve Chair Kevin Warsh said artificial intelligence could make economies that use it effectively more productive and wealthier, while warning that the path to those gains could be “very bumpy” and near-term job effects remain uncertain. At a fireside chat with International Monetary Fund Managing Director Kristalina Georgieva during the IMF-World Bank annual meetings in Bangkok Friday, Warsh described his outlook as “optimism leavened by the seriousness of purpose.” The Fed chair’s public appearance in Bangkok had been announced in advance . Warsh said central banks around the world had moved toward tighter monetary policy under their own mandates.

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