‘Most consequential change’: Kevin Warsh says AI will reshape US economy, warns of a ‘bumpy’ road ahead
Kevin Warsh, speaking at the IMF-World Bank Annual Meetings, stated that AI represents the most significant change to the US and global economy in his lifetime. He warned that while AI could initially drive inflation higher due to increased demand, it is expected to enhance productivity over time. Warsh cautioned that the transition may be 'bumpy' due to uncertainties in technology and market structures.