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2026-07-15 03:00:11
Federal Reserve Vice Chair for Supervision Michelle Bowman pointed out that credit institutions should be allowed to determine for themselves when to introduce emerging technologies such as artificial intelligence. Bowman stated that the Fed needs to "clearly set regulatory expectations, ensure policy transparency, and refrain from micro-level intervention and control over individual business decisions involving innovation." Federal Reserve Governor Michael Barr stated that it is still uncertain whether artificial intelligence will ultimately reduce or widen income and wealth inequality; the future trajectory of wealth disparity will depend on how humans apply artificial intelligence technology.
