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Discussion Paper

Using Generative AI Models to Understand FOMC Monetary Policy Discussions


Abstract: In an era increasingly shaped by artificial intelligence (AI), the public’s understanding of economic policy may be filtered through the lens of generative AI models (also called large language models or LLMs). Generative AI models offer the promise of quickly ingesting and interpreting large amounts of textual information.

https://doi.org/10.17016/2380-7172.3678

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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/using-generative-ai-models-to-understand-fomc-monetary-policy-discussions-20241206.html

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2024-12-06

Number: 2024-12-06-1