AI Fed Simulation Predicts Interest Rates Will Hold Steady

he Federal Reserve will decide whether to adjust the US's benchmark interest rate on Wednesday, with investment banks, economists, and journalists waiting to see if their predictions are correct. Researchers Tara Sinclair and Sophia Kazinnik have developed an AI simulation called Sim Fed, which uses AI agents to impersonate the 12 individuals who vote on interest rates, including "Sim Powell" and "Sim Cook". Bloomberg's Stacey Vanek Smith joins to break down what this means for the Fed.