Federal Reserve appoints a16z co-founder Marc Andreessen to participate in AI policy research.

The U.S. Federal Reserve (Fed) announced that it has appointed Marc Andreessen, co-founder of venture capital firm a16z (Andreessen Horowitz), to join a special task force to assist in researching the impact of emerging technologies such as artificial intelligence (AI) on productivity and the labor market. Andreessen will serve on the Fed’s Productivity and Employment Task Force alongside Stanford University economics professor Charles I. Jones, who is currently on leave from his role at AI firm Anthropic, and Microsoft Executive Vice President and Xbox CEO Asha Sharma. In a press release, the Fed stated that the task force will evaluate the impact of general-purpose technologies like AI on employment and productivity, providing a reference for the central bank to formulate monetary policy. This task force is one of five special working groups established by the new Fed Chair, each tasked with researching key issues in the monetary policy framework. In addition to productivity and employment, the remaining four working groups will focus on areas including policy communication, balance sheet policy, data quality, and the inflation framework.