Fed Chair Powell Says Fed Trying To Get Smart About Artificial Intelligence
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed is trying to understand artificial intelligence better. This comes as the central bank is increasingly interested in the potential of AI in the financial sector.
June 28, 2023 | 2:57 pm
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NEUTRAL IMPACT
The Federal Reserve's interest in understanding artificial intelligence could potentially impact the financial sector, including ETFs like SPY.
The Federal Reserve's interest in AI indicates a potential shift in regulatory focus. While the direct impact on SPY is not clear, any significant changes in the financial sector's regulatory environment could indirectly affect ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
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