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2026-07-16 00:42:12
[Federal Reserve Chairman Kevin Warsh Responds to Concerns About Productivity Task Force] Federal Reserve Chairman Kevin Warsh addressed a range of topics in his Senate testimony, including inflation, bank regulation, and the impact of AI on the labor force. Warsh was repeatedly pressed about the Fed's newly formed Productivity Task Force, particularly regarding concerns about whether the task force includes Americans who will be directly affected by AI applications. Warsh stated, "I expect they will hear from those who will be affected before they reach their conclusions." He continued, "If you think they lack credibility, I don't think so… We will make sure that when considering their output, we take both sides of our dual mandate into account."
