Mars Finance reported on February 10th that U.S. Treasury Secretary Bessant stated on Tuesday that under the leadership of Kevin Warsh, Trump's nominee for Federal Reserve Chair, the Fed will closely monitor the situation to ensure that there is no "time mismatch" between employment and productivity amidst the rapid development of artificial intelligence. Speaking via video at an event hosted by Brazilian investment bank BTGPactual, Bessant said the U.S. economy will grow at an average rate of 4.1% in the last three quarters of 2025, and predicts that nominal GDP growth (excluding inflation) this year could reach 6%. Bessant stated that historically, productivity booms have often been accompanied by employment booms, and the Fed will closely monitor this "to ensure there is no time mismatch." (Jinshi)
US Treasury Secretary: The Federal Reserve under Warsh's leadership will closely monitor the impact of AI on employment.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





