Days After Announcing Mass Layoffs, Xbox CEO Asha Sharma Tapped To Advise The Federal Reserve On Jobs
Publish Date: 2026-07-09 18:54:00
Source Domain: www.engadget.com
- The US Federal Reserve has appointed industry leaders to head its various task forces for guiding monetary policies, specifically focusing on assessing the economic impact of new general-purpose technologies, including artificial intelligence.
- New Xbox CEO Asha Sharma, who has led recent price hikes and job cuts at Microsoft, will be among the advisors despite the gaming industry’s ongoing struggles with employment and responsible AI use.
- Co-advisors Marc Andreessen, known for not always discussing AI intelligently, rounds out the questionable panel.
- Stanford economist Charles I. Jones, on leave to work for the Anthropic Institute, attempts to provide some academic credibility, although his peers’ backgrounds raise concerns about the team’s ability to critically evaluate AI’s impact on jobs and productivity.
