Fed Chair Powell: Recent Data Does Not Perfectly Reflect Underlying Inflation, Short-Term AI Investment Beneficial for Employment
BlockBeats News, July 15, Federal Reserve Chair Powell: Recent inflation data does not perfectly reflect underlying inflation dynamics. Any central bank would be pleased when data moves in the right direction. In the short term, AI investment is seen as beneficial for employment. During this period, AI will drive disruptive changes.
I have exceeded the requirements of the ethics agreement by divesting or am in the process of divesting all assets I held before becoming Chair of the Federal Reserve. I have converted my investments to cash equivalents and short-term Treasury securities.
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