Pursuits
Quest for Robo-Yellen Advances as Computers Gain on Rate Setters
- ‘Capability is here’ for AI to inform officials in five years
- Future policy to mix human judgment with self-taught computers
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Move over Janet Yellen, automation in the workplace is about to get personal.
Instead of relying on the Federal Reserve chair, imagine using a computer to transform mountains of raw economic data into reliable predictions for unemployment, inflation and gross domestic product. What’s the best level for the federal funds rate? Press <Enter>.