According to CoinMeta, Janet Yellen, the chair of the Federal Reserve's San Francisco branch, stated on Friday that artificial intelligence not only affects the long-term economic outlook but is also closely related to the Fed's medium- and short-term monetary policy formulation. Yellen pointed out that the Fed needs to understand how technological advancements impact U.S. economic growth, productivity, and the labor market in order to assess its dual mission goals of inflation control, price stability, and full employment.