Lay people off, get a promotion (sort of)

The Board of Governors of the Federal Reserve, the body overseeing the implementation of United States monetary policy, has announced the creation of five task forces intended to evaluate and improve the Fed's operations. In a press release, Federal Reserve Chairman Kevin Warsh named the "external advisers" who will lead each task force, ranging from economics professors to AI investors and corporate executives—executives like Xbox CEO Asha Sharma, who will preside over a task force on employment and productivity.

https://www.pcgamer.com/gaming-industry/us-federal-reserve-taps-xbox-ceo-asha-sharma-who-just-laid-off-3-200-employees-to-lead-task-force-on-jobs/

#AI #BoardOfDirectors #Executives #Layoffs #Productivity

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They won't do a darn thing. There is no impetus to implement anything.

The Federal Reserve, since the Great Financial Crisis, is all about keeping interests low. When you keep interest rates low, it drives up prices of everything. Houses, cars etc. Look at their balance sheet since 2008. People love it at first but then people start to see prices go through the roof.

Governments want to keep the party going by inserting cheap money into the system.

That’s interesting

Thread regarding Microsoft Corp. layoffs

Lay people off, get a promotion (sort of)

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