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Jerome Powell

Kevin Warsh, nominee for Federal Reserve chair, testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, D.C., on April 21, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Fed needs to be proactive on cyber risks from AI models, nominee says

In his Senate confirmation hearing, Kevin Warsh said the Federal Reserve should be forward-looking and reform-oriented when it comes to AI models like Anthropic’s Mythos.
Fed Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on June 25, 2025 in Washington, D.C. (Photo by Kent Nishimura/Getty Images)

Fed chair sees AI creating ‘significant changes’ to US workforce

Jerome Powell told lawmakers that the technology’s impact on the economy is “probably not great” now, but it has the “potential to make really dramatic changes.”
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