Artificial Intelligence in the Financial System
Speech by Michelle W. Bowman, Governor (Board of Governors of the Federal Reserve System). A speech or remarks are the speaker’s, not the Board of Governors of the Federal Reserve System’s policy unless its own text says so. Dated 2024-11-22. Occasion: 27th Annual Symposium on Building the Financial System of the 21st Century: An Agenda for Japan and the United States, Washington, D.C.
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- Artificial Intelligence in the Financial System Board of Governors of the Federal Reserve System · published 2024-11-22 · 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
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- AI and money: what central banks and financial authorities have said, 1997–2026 →3 records on this document
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- AI can improve nowcasting and policy analysisIn 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.2024-11-22 · event · Stated in source · Supported Inspect claim & evidence ↗AI can improve nowcasting and policy analysis: propositions page →
- Central banks need to build their own AI capacityIn a speech of 22 November 2024, Michelle W. Bowman, Governor of the Federal Reserve Board, said that the development and acquisition of staff expertise is a foundational element of a successful approach to AI and that regulators must prioritize improving their understanding and capacity as the technology is more widely adopted.2024-11-22 · event · Stated in source · Supported Inspect claim & evidence ↗Central banks need to build their own AI capacity: propositions page →
- Existing financial rules broadly cover AIIn a speech of 22 November 2024, Michelle W. Bowman, Governor of the Federal Reserve Board, said that many AI risks are already well covered by existing frameworks and that AI does not operate outside the existing legal and regulatory framework, while proposing a gap analysis to determine whether additional regulation is needed.2024-11-22 · event · Stated in source · Supported Inspect claim & evidence ↗Existing financial rules broadly cover AI: propositions page →
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