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36%  
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Keyword: michellebowman

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  • A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

    08/11/2025 9:40:06 AM PDT · by SeekAndFind · 5 replies
    Associated Press ^ | 08/11/2025
    NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher. Bowman and a fellow dissenter lost out after nine other Fed...
  • Sam Altman Warns That AI Is About to Cause a Massive "Fraud Crisis" in Which Anyone Can Perfectly Imitate Anyone Else

    07/28/2025 5:49:30 AM PDT · by Openurmind · 78 replies
    Futurism ^ | Jul 27 2025 | Victor Tangermann
    OpenAI CEO Sam Altman is warning of an "impending fraud crisis" in which practically anybody will be able to imitate not only the voice but even the likeness of others, using the type of AI that his company is helping pioneer. During a chat with Federal Reserve vice chair Michelle Bowman in Washington, DC, Altman argued that the banking industry must modernize to avoid having its customers fall victim to widespread fraud. "I am very nervous about this," he told Bowman. "A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print...