Ben Casselman

Artificial intelligence could transform the economy faster than any previous technology, and policymakers must move equally quickly to figure out how to respond, a group of economists and researchers are warning.

Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the broad conduct of monetary policy.”

The Consumer Price Index slowed to an annual rate of 3.5 percent in June during a lull in fighting with Iran. Also on Tuesday, Kevin M. Warsh, the Fed’s chairman, testifies in Congress about the threat higher energy prices pose to the economy.

Some data suggest that artificial intelligence is causing job losses. Other sources show the opposite. Why is it so hard to figure out what’s going on?

Kevin M. Warsh explains in a news conference how bank officials plan to address persistent inflation pressures.

The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.

Reducing the cadence of the meetings – and votes on rates – would be by far the most consequential change of Warsh’s tenure

Federal Reserve Chair Kevin Warsh is considering reducing the number of regularly scheduled meetings at which the Fed sets interest rates, a potentially seismic move that would mark the most significant change in how the central bank operates in years.

The Consumer Price Index for July showed prices rose 3.4 percent from a year ago as the war in Iran dragged on.