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In a speech of 22 November 2024, Michelle W. Bowman, Governor of the Federal Reserve Board, said that broader use of AI could act as a check on the reliability of uncertain or frequently revised economic data and could improve the FOMC’s monetary policymaking by validating and improving the data on which policymakers rely. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2024-11-22 · event Records dated 2024 → Role Articulation Register (kind of text) Nonfiction Scope and limits Hedged (‘Perhaps’, ‘could’); the speaker’s view with disclaimer, not a statement that the Federal Reserve uses AI this way.
The evidence 02 primary source Supports the claim
Artificial Intelligence in the Financial System ↗ Board of Governors of the Federal Reserve System · 2024-11-22
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Source excerpt “Perhaps the broader use of AI could act as a check on data reliability, particularly for uncertain or frequently revised economic data, improving the quality of the data that monetary policymakers rely on for decision-making.” Location in source Section ‘Innovation and Competitiveness’, subsection ‘Innovation’, paragraph beginning ‘AI also has promise to improve public sector operations’
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Machine-checked · 2026-11-06
Source details and check notes Authors Michelle W. Bowman Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 44cabb726fd277d5baf5f3391d32200f02713b91f81aceb13139c3331da2cd28). Retrieved again at admission on 2026-11-06 (SHA-256 5a3c9c524b9cbcb4c5476a404ec409fa1ac558bb345c7911474c7db4013d0635; 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 Michelle W. Bowman, “Artificial Intelligence in the Financial System”, 2024-11-22. 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 (35 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 in the Financial System ↗ Board of Governors of the Federal Reserve System · 2024-11-22
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Source excerpt “The views expressed here are my own and not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee.” 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 Michelle W. Bowman Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 44cabb726fd277d5baf5f3391d32200f02713b91f81aceb13139c3331da2cd28). Retrieved again at admission on 2026-11-06 (SHA-256 5a3c9c524b9cbcb4c5476a404ec409fa1ac558bb345c7911474c7db4013d0635; 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 Michelle W. Bowman, “Artificial Intelligence in the Financial System”, 2024-11-22. 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.
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Record ID am-u05-frb-2024-bowman-ai