No comments on the economy or monetary policy
Speaking at an Atlanta Fed conference in Florida, Fed's Quarles says:
- Artificial intelligence in finance can help make bank credit more available
- Big data analysis can help financial stability
- Big data can also carry risks for banking system
- Machine learning via predictions may make big mistakes
- Fed uses machine learning tools for bank stress tests.
Quarles has not made any comments on the economy are monitored policy. There may be a question and answer session, however.
