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The United States central bank, the Federal Reserve, has announced new task forces to “advance the conduct of monetary policy,” and its board has chosen Xbox CEO Asha Sharma to help guide one task force pertaining to AI, as part of a wider effort to help create jobs and keep prices stable.
The new Productivity and Jobs task force will look into the “economic impact of new general-purpose technologies,” including AI, to help the Fed make better policy decisions. Sharma is joined on this task force by billionaire businessman and venture capitalist Marc Andreessen, along with Stanford University economics professor Charles I. Jones–he is currently on leave from the university to become a scholar-in-residence at the AI company Anthropic.
Fed chairman Kevin Warsh said the new task forces are part of the group’s “commitment to price stability and maximum employment.”
Asha Sharma is the new Xbox CEO.
Sharma, for her part, recently oversaw huge Xbox price hikes and mass layoffs at Xbox that people reacted negatively to. These dramatic changes came against the backdrop of the entire consume electronics industry managing the ongoing memory and component
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