Fed's Daly: The Fed's policy at the November meeting will be determined based on data, and artificial intelligence is not considered as part of policy work

Fed's Daly said the Fed will continue to adjust its policies. The recent Fed rate cut was a "narrow victory". I strongly support a 50 basis point rate cut. The Fed's policy for the November meeting will be determined based on the data. So far, we have not seen any signs that we will not continue to cut interest rates. If inflation continues to fall, even if the economy performs strongly, we hope to keep an open mind and continue to relax policies. He also said that what was not noticed in the Silicon Valley Bank incident was the "concentration risk" of its customer network. An independent central bank is an advantage. The Fed does not use artificial intelligence as part of its policy work. The current work of the Fed on artificial intelligence is to understand how other institutions use artificial intelligence and its impact on the economy. (Jinshi)