Fed Chair Powell Says They Have Used ChatGPT To Generate Test Questions For Press Conferences, But Not For Monetary Policy
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell revealed that the Federal Reserve has used ChatGPT to generate test questions for press conferences, but not for monetary policy decisions.
July 15, 2024 | 5:08 pm
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NEUTRAL IMPACT
The Federal Reserve's use of ChatGPT for generating test questions for press conferences is unlikely to have a significant impact on SPY, as it does not affect monetary policy decisions.
The news indicates that ChatGPT is used for generating test questions, which is a procedural aspect and does not influence monetary policy. Therefore, it is unlikely to have a significant impact on SPY.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 50