Fed’s Waller Says Central Bank AI Requires Strict Safeguards and Risk Management

The U.S. Federal Reserve is responsible for monetary policy, financial supervision and sensitive market data. Artificial intelligence could accelerate research, software development and meeting summaries, but it also poses risks involving data leaks, model bias and operational resilience. Governor Christopher Waller said information security, model validation and staff accountability must advance in tandem if central banks are to expand their use of AI.

Waller said on Feb. 24, 2026, that the Fed had built an internal general-purpose AI platform available to employees across the Federal Reserve System, with hundreds of developers using it. Strict safeguards apply to uses including research and meeting summaries. He added that the Fed was closely examining how financial institutions’ use of AI in lending and regulatory compliance could affect fairness, explainability and supervisory risk.