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In a speech of 11 November 2025, Michael S. Barr, Governor of the Federal Reserve Board, said that central banks, including the Fed, need to keep up with AI by increasing their speed of adoption for their own operations, and described the Federal Reserve’s AI programme, ‘hands on keys’ staff engagement and use of generative AI for technology modernization. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2025-11-11 · event Records dated 2025 → Role Articulation Register (kind of text) Nonfiction Scope and limits Ties the need to the central bank’s own operations and naming steps taken; the description of Federal Reserve practice is the speaker’s, with disclaimer. Governor Waller’s speech of 24 February 2026 ‘Operationalizing AI at the Federal Reserve’ gives further detail and is not separately recorded.
The evidence 03 primary source Supports the claim
AI and Central Banking ↗ Board of Governors of the Federal Reserve System · 2025-11-11
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Source excerpt “central banks, including the Fed, need to keep up with AI by increasing our speed of adoption for our own operations.” Location in source Section ‘AI and Central Banking’, first paragraph
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 8712311ea26e3ec37b21fc6f97029de37725fb7e6c2d220b95b31f86173439f0). Retrieved again at admission on 2026-11-06 (SHA-256 13b191774aabab65b8c0dc71814c7d7f699d83a9b341046dbb20b7b086f44537; 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, “AI and Central Banking”, 2025-11-11. 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 (21 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 Supports the claim
AI and Central Banking ↗ Board of Governors of the Federal Reserve System · 2025-11-11
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Source excerpt “My view is that GenAI is a transformative technology that central banks need to remain engaged with to ensure an ability to execute as technology evolves.” Location in source Section ‘AI and Central Banking’, second paragraph
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 8712311ea26e3ec37b21fc6f97029de37725fb7e6c2d220b95b31f86173439f0). Retrieved again at admission on 2026-11-06 (SHA-256 13b191774aabab65b8c0dc71814c7d7f699d83a9b341046dbb20b7b086f44537; 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, “AI and Central Banking”, 2025-11-11. 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 (26 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
AI and Central Banking ↗ Board of Governors of the Federal Reserve System · 2025-11-11
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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 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 Michael S. Barr Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 8712311ea26e3ec37b21fc6f97029de37725fb7e6c2d220b95b31f86173439f0). Retrieved again at admission on 2026-11-06 (SHA-256 13b191774aabab65b8c0dc71814c7d7f699d83a9b341046dbb20b7b086f44537; 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, “AI and Central Banking”, 2025-11-11. 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-u11-frb-2025-barr-ai-central-banking