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Policy and Society

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waff.com

Artificial intelligence transforms the workforce, regulations

WASHINGTON (Gray DC) - Nearly all industries have been impacted by Artificial Intelligence. Goldman Sachs estimates 300 million jobs will be impacted by the emerging technology by 2030. AI is reshaping industries by the day, resulting in jobs being transformed or erased. The changes are bringing a greater need for AI oversight. “People need to understand that there still needs to be human involvement,” Barry Jones, a Vice President at X2X said. X2X is an AI governance company. Jones said there’s not enough oversight AI oversight right now. “Imagine an AI assistant preparing financial reports,” Jones said. “That’s a potentially productive tool. But just imagine if that AI system provided that critical financial information outside of the company’s internal workings.” Before Congress left Capitol Hill for the midterms, several congressmembers made clear where they stood on what role the…

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abcnews.com

Federal Reserve set to issue interest rate decision as midterm elections loom

Markets expect the central bank to hold rates steady for now. The Federal Reserve is set to issue an interest rate decision on Wednesday as a surge of inflation puts pressure on central bankers to raise rates days before the midterm elections. An acceleration of price increases this year has posed a challenge for Fed officials tasked with containing inflation. The central bank raised interest rates a quarter of a percentage point last month in an effort to battle back price woes. The move marked the first rate increase in three years. The rate hike should help cool off inflation by slowing the economy and eating away at demand, though such a policy move typically yields results after a lag time lasting several months. Policymakers may lose patience as they weigh whether the current level of interest rates is high enough to ease price hikes, though markets expect the central bank to hold…

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brecorder.com

Fed leaves rates unchanged

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week’s US midterm elections and awaiting further data on the path of inflation.…

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Tariffs and Trade

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toronto.citynews.ca

Canada-EU Summit set to launch additional talks on a deeper partnership

Posted October 28, 2026 11:48 am. OTTAWA — A stronger alliance between Canada and the European Union would only include a financial commitment if either side joins specific programs in either jurisdiction, a senior government official says. Canadian officials briefing reporters today said the government would only be tied to a financial commitment if it joins a program like Erasmus+, the EU’s student exchange program. The officials told today’s technical briefing that the Canada-EU Summit in Montreal on Thursday and Friday will focus on deepening ties in areas like business, technology, defence, critical minerals and energy. Some European nations have rejected European Commission President Ursula von der Leyen’s characterization of the arrangement as “associate membership.” European officials repeatedly used the phrase “alliance for the future” to describe the partnership in a media…

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Technology and Tools

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investorplace.com

Fed Holds. AI’s Bigger Risk Isn’t Rates

AI’s outsized share of inflation – and why the anger outlasts rate hikes Earlier today, the Federal Reserve held its benchmark rate at a target range of 3.75% to 4%. The decision itself was no surprise. Heading in, futures traders had priced in roughly a 10% chance of a hike. As for the official statement, it offered little substantive detail. Beyond saying that “the accumulation of more information” will guide its next move, it offered no hint about December. What’s more interesting is today’s vote… It was 10-2, with Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack both dissenting in favor of a quarter-point hike. That’s a notable shift from September, when the committee voted unanimously to raise rates. The Fed is divided again – and the dissenters want to move faster, not slower. Cook’s dissent is especially relevant to today’s Digest because she pointed at the AI…

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