Federal Reserve Chairman Kevin Warsh expressed optimism that artificial intelligence will make economies more productive and wealthier, while warning the path will be “very bumpy.” During a fireside chat with IMF Managing Director Kristalina Georgieva at the IMF-World Bank Annual Meetings in Bangkok, Warsh said the near-term effect of AI on jobs remains unknown. The Fed raised rates to a range of 3.75% to 4% last month, its first hike since 2023. Traders on Friday saw a 72.3% probability that the Fed will keep interest rates unchanged at its October 27-28 meeting.
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