leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the feds
thank you so much forjoining me, professor. ai discussions often appear binary either you fall into the school of thought that the tech will improve lives by orders of magnitude or it will destroy us all. where do you stand? well, victoria, ithink well, victoria, i think is very clear that it needs to be depending on the applications, so the application should drive, essentially, what are the specific regulations for those specific ai systems, so it is different whether use large language model in the internet or use data or an ai that drives an autonomous car. obviously it is highly depending on the potential risk in the foreseeable use of the technology. at the same time is very clear that al is already everywhere, we have it in our pocket and it will only