Federal Reserve Chair Kevin Warsh appointed venture capitalist Marc Andreessen and Microsoft Xbox CEO Asha Sharma to lead a new task force. The group focuses on productivity and jobs as part of five panels advising the central bank on technology.
Warsh is overhauling the Fed to modernize monetary policy through these appointments. The task force will assess how artificial intelligence impacts interest rate decisions and economic judgments.
Warsh previously noted that AI-driven productivity gains could lower inflation. Stanford economist Charles Jones, currently on leave at the AI firm Anthropic, serves as the third co-chair.