Fed Moves to System-Wide Deployment of AI, Governor Waller Says

Federal Reserve Governor Christopher Waller says the US central bank is moving toward a system-wide deployment of artificial intelligence across regional banks and its DC headquarters in implementing the groundbreaking technology.

• “In my lifetime, I have never seen a technological revolution like this,” Waller says Tuesday in prepared remarks for a conference organized by the Boston Fed
• Federal Reserve System-first approach has shared standards and infrastructure, while preserving decentralization for monetary policy and economic research, he says
• AI is deployed to allow broad access for all employees, specialized tools for builders and embedded capabilities within enterprise workflows
• Fed to implement ...