Can AI simulate the Fed? - with Tara Sinclair

With the US Federal Reserve under intense political pressure and the labour market at an inflection point, understanding how the FOMC might respond to shocks is critical for financial markets. Paul and Luke talk to Professor Tara Sinclair of George Washington University about her groundbreaking working paper FOMC in Silico, which uses AI personas to model the Fed’s decision-making process. They also explore how AI can augment decision-making more broadly and assess its impact on the labour market.