Fed to Monitor AI's Impact on Employment
U.S. Treasury Secretary Benannt recently stated in an online event that under Kevin Walsh's leadership, the Federal Reserve will closely monitor the potential impact of artificial intelligence on employment. Benannt pointed out that the rapid development of AI technology could lead to a 'time mismatch' between the job market and productivity, and emphasized that the Fed will take measures to ensure market stability.
In addition, Benannt predicted that the average growth rate of the U.S. economy in the last three quarters of 2025 will reach 4.1%, while the nominal GDP growth rate (excluding inflation) could reach 6% this year. This forecast reflects his optimistic outlook on the U.S. economic perspective.
Historical Trends and Future Outlook
Benannt mentioned that historically, productivity booms are usually accompanied by job growth, but the rapid development of AI could alter this trend. Therefore, the Federal Reserve will play a key role in this process to ensure that the job market is not excessively impacted.
- The Fed will closely monitor AI's impact on employment
- Predicted average growth rate of the U.S. economy in the last three quarters of 2025 will reach 4.1%
- Benannt expects this year's nominal GDP growth rate (excluding inflation) to possibly reach 6%