The Federal Reserve has appointed venture capitalist Marc Andreessen to co-lead a new task force studying how artificial intelligence affects productivity and employment. Andreessen will share leadership of the panel with Stanford economist Charles Jones and Microsoft Xbox CEO Asha Sharma, under a broader review of monetary policy launched by Fed Chair Kevin Warsh. The task force is one of five panels Warsh has established and is charged with assessing how general-purpose technologies, including AI, affect economic output and jobs. The group will feed research to the Federal Open Market Committee but will not itself set interest rates.
