Federal Reserve Chairman Kevin Walsh said his productivity and employment task force will hold field hearings in the San Francisco Bay Area next month. During the International Monetary Fund's annual meeting in Bangkok on Friday morning, Walsh announced at a moderated seminar that a hearing will be held on November 16. Walsh said the task force will “begin to resolve” a number of issues, including the economic impact of artificial intelligence. In June, Walsh set up five working groups composed of external experts to study key areas of monetary policy formulation. He has said that it is expected that these working groups will submit proposals to the Federal Reserve around the end of this year. Walsh did not comment on monetary policy or his outlook on the US economy.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.