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Xbox CEO Asha Sharma Named Advisor To U.S. Federal Reserve Task Force For Productivity And Jobs
Game Informer • • general
Key Points:
- The US Federal Reserve has established five new task forces focused on advancing monetary policy, led by Chairman Kevin Warsh, to evaluate and improve the Fed’s tools and approaches amid significant economic changes.
- The task forces cover Communications, Balance Sheet Policy, Data, Productivity and Jobs, and Inflation Frameworks, each co-led by external experts with specialized knowledge.
- Xbox CEO Asha Sharma, formerly president of Microsoft's CoreAI, has been appointed as one of three advisors on the Productivity and Jobs task force, which will analyze the economic impact of new technologies like artificial intelligence.
- Sharma is the only active CEO among the advisors, who are mostly academics and former leaders, highlighting her unique role in providing insights on AI’s influence on economic policy.
- Chairman Warsh emphasized the Fed’s dedication to price stability and maximum employment, aiming to ensure the institution is well-equipped to meet its objectives during this critical period.
