BlockBeats News, July 15th – Federal Reserve Chair Powell stated that AI is expected to push up the observable price level in the next 12 months. Whether AI will lead to inflation depends on the Fed. It is believed that AI is a long-term job creator and may have a disruptive impact. As for the short-term impact of AI, Powell mentioned that he cannot guarantee that it will not cause job disruption, nor can he reassure people on employment issues. "The price surge caused by artificial intelligence is a real phenomenon, and I don't want to downplay it."
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