In a new episode of The Spillover, BWC Vice Chair Rebecca Patterson and BWC Chair Bill Dudley discuss the impacts of the current energy crisis, AI, and the future of international financial institutions. Bill Dudley asserts that the biggest impulse of AI will be an increase in investment spending, which will drive up interest rates. He also emphasizes how crucial the Fed’s independence is for conducting monetary policy and how international economic cooperation is more essential than ever.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.