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A hot potato: Xbox CEO Asha Sharma has been chosen to co-lead a Federal Reserve task force examining productivity and employment. Somewhat ironically, her new advisory role comes only three days after Microsoft unveiled the largest restructuring in Xbox's history, which will eliminate 3,200 positions and immediately put 1,600 people out of work.
The Productivity and Jobs panel is one of five new task forces created by Federal Reserve Chairman Kevin Warsh to examine areas central to monetary policy. The others will focus on communications, balance sheet policy, economic data, and inflation frameworks.
Sharma will lead the group alongside Andreessen Horowitz co-founder Marc Andreessen and Stanford economics professor Charles I. Jones, who is currently on leave at Anthropic. Its job is to assess how general-purpose technologies, including artificial intelligence, are affecting productivity, employment, and economic growth, with the findings used to help inform future Federal Reserve policy.
