Fed’s Cook touts use of AI in financial stability analysis
Technology can analyse complex patterns at scale and produce efficiency gains, governor says
Artificial intelligence has helped the US Federal Reserve conduct research work on financial stability with its ability to analyse complex data at scale, a member of the central bank’s board of governors has said.
At an event hosted by the Stanford Institute for Economic Policy Research on May 27, Lisa Cook outlined how the Fed system had been deploying AI to better deliver its mandate.
Cook said the Fed had formed dedicated teams within the division of financial stability to analyse AI risks. One
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