Story perspectives

Fed Launches AI Panel, Flags 23 Million at Automation Risk

7/5/2026

Summary

Story summary

Federal Reserve (Fed) created an AI panel to study productivity, growth, inflation and employment.
Fed Chair Kevin Warsh called AI the most important economic change of his adult life.
Founder Michelle Turner used AI to craft a business plan and raise capital for Here Now Health, launched January 2025.
Brookings and Opportunity@Work estimate that about 23 million Americans, especially in Florida, the Northeast, Texas and California, face high AI automation risk.

History

Historical Context

In May 1997 IBM’s Deep Blue, upgraded to evaluate 200 million chess positions per second, defeated world champion Garry Kasparov 3½–2½ in New York, marking the first computer victory over a reigning champion under tournament time controls. That milestone sparked sustained corporate AI investment and now informs the Federal Reserve’s AI panel, chaired by Kevin Warsh, which evaluates AI’s impact on productivity, inflation and employment.

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Story summary

Federal Reserve (Fed) created an AI panel to study productivity, growth, inflation and employment.
Fed Chair Kevin Warsh called AI the most important economic change of his adult life.
Founder Michelle Turner used AI to craft a business plan and raise capital for Here Now Health, launched January 2025.
Brookings and Opportunity@Work estimate that about 23 million Americans, especially in Florida, the Northeast, Texas and California, face high AI automation risk.

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