TechFlow News, July 15, Federal Reserve Chair Waller stated that he expects artificial intelligence to push up observable price levels over the next 12 months, and whether AI will cause inflation depends on the Federal Reserve. He believes that artificial intelligence is a long-term job creator and may bring disruptive impacts. Regarding the short-term impact of artificial intelligence, Waller stated that he cannot guarantee it will not cause job disruption, nor can he reassure on the employment issue. "The price surge triggered by artificial intelligence is real, and I do not want to downplay it," he said. (Jin10)
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