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In a speech of 18 February 2025, Michael S. Barr, then Vice Chair for Supervision of the Federal Reserve Board, said that when generative AI becomes ubiquitous its use could lead to herding behaviour and the concentration of risk, potentially amplifying market volatility. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2025-02-18 · event Records dated 2025 → Role Articulation Register (kind of text) Nonfiction Scope and limits Stated as a possibility in the speech’s closing section ‘What Should We Do?’, after two hypothetical scenarios; the speaker’s own view with the disclaimer recorded on the document, not a Federal Reserve position, and not evidence that herding has occurred.
The evidence 02 primary source Supports the claim
Artificial Intelligence: Hypothetical Scenarios for the Future ↗ Board of Governors of the Federal Reserve System · 2025-02-18
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Source excerpt “When the technology becomes ubiquitous, use of GenAI could lead to herding behavior and the concentration of risk, potentially amplifying market volatility.” Location in source Section ‘What Should We Do?’, paragraph beginning ‘We need to be attuned to the risk in finance’
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Michael S. Barr Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 d110129f22979ce286e499957bda34a73c94ec3350cd32ff3284bd100b254207). Retrieved again at admission on 2026-11-06 (SHA-256 b8f9ce0778684fc2a3d5219fe15c708ae69f629a84feb77346472338ec902281; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02 Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Michael S. Barr, “Artificial Intelligence: Hypothetical Scenarios for the Future”, 2025-02-18. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (22 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Context only
Artificial Intelligence: Hypothetical Scenarios for the Future ↗ Board of Governors of the Federal Reserve System · 2025-02-18
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Source excerpt “The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board.” Location in source Footnote 1
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Michael S. Barr Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 d110129f22979ce286e499957bda34a73c94ec3350cd32ff3284bd100b254207). Retrieved again at admission on 2026-11-06 (SHA-256 b8f9ce0778684fc2a3d5219fe15c708ae69f629a84feb77346472338ec902281; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02 Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Michael S. Barr, “Artificial Intelligence: Hypothetical Scenarios for the Future”, 2025-02-18. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The text’s own statement of whose views it gives, shown beside the record; it is context, not support. The quotation matched a fresh retrieval of 2026-11-06. No human editorial review. Status and meaning Editorial status. Machine-checked . Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.
Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.
Date. Date the speech or remarks were delivered, as the text gives it.
Record ID am-u01-frb-2025-barr-scenarios