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investment officer at advises capital management explained. the fed has tightened policy dramatically and quickly, basically a five percentage point increase over a little more than a year. that is huge, historically it s an enormous increase and i think there is one view that the fed should wait to see the impact of what they have done stop any break may be short lived, us inflation running above the 2% target of the fed so the pain from higher borrowing costs to companies and consumers is likely not over according to the chief economist at kpmg in the chief economist at kpmg in the us who believes the fed will raise rates again injuly. the pause is not an end, we ve seen the fed play around with words in order to signal they don t want to let their guard is down yet with regards to patient and i think that s really been the theme we ve seen emerge across central banks in recent weeks around the world. fix, banks in recent weeks around the world- the world. a reminder that ....
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 ....
In sort of one major ai authority. in sort of one ma or ai authoritofi in sort of one ma or ai authority. in sort of one ma or ai authori . ~ ., ., , ., ~ in sort of one ma or ai authori . ~ ., ., ~ , authority. what do you think is the biggest authority. what do you think is the biggest threat authority. what do you think is the biggest threat that - authority. what do you think is the biggest threat that al - the biggest threat that al poses? i the biggest threat that al oses? . , the biggest threat that al oses? ., , ., the biggest threat that al oses? . , ., ., ., poses? i have listened a lot to those who poses? i have listened a lot to those who said poses? i have listened a lot to those who said there - poses? i have listened a lot to those who said there is - poses? i have listened a lot to those who said there is a - those who said there is a threat of extinction. probably that may exist but i think the likelihood is quite small. i think the ai risks are more that peop ....
Could act for themselves rather than our needs. those warnings about the risks than our needs. those warnings about the risks from than our needs. those warnings about the risks from artificial i about the risks from artificial intelligence feel a world away from the mediaeval streets of strasbourg. here the european union is first out of the blocks to try and bring in the world s first ai blocks to try and bring in the world s first al was. margrethe vestager is the european chief leading the regulation charge. ai will be everywhere, in everything we do, you know, your hairdresser will use ai everything we do, you know, your hairdresser will use alto suggest you another way of doing your hair, so it is important that every authority also get the competence to related to the effects of the use of ai. so i don t believe in sort of one major ai authority. in sort of one ma or ai authoritvfi in sort of one ma or ai authority. in sort of one ma or ai authori . ~ ., ., , ., ~ in sort o ....