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Comment by Christopher J. Waller
Governor, U.S. Federal Reserve Board
That means clear guardrails on how and where it's used, strong information-security controls, rigorous model validation, human accountability for decisions, and ongoing evaluation as the technology evolves. [...] The human makes the decisions.
AI Verified
source
(2026)
2mo ago
Policy proposals and claims
Verification History
AI Verified
Year: 2026 (speech "Operationalizing AI at the Federal Reserve", Boston Fed Technology-Enabled Disruption Conference, Feb 24, 2026) — current/relevant. Author attribution: Christopher J. Waller (Governor, U.S. Federal Reserve Board) — correct; web search confirms the quote is attributed to him. Source verification: WebFetch of the federalreserve.gov URL (and BIS mirror) returned HTTP 403, but web search confirmed BOTH quote segments verbatim from that speech: (1) "clear guardrails on how and where it's used, strong information-security controls, rigorous model validation, human accountability for decisions, and ongoing evaluation as the technology evolves"; (2) "The human makes the decisions" (full context: "the tool handles the volume and the first pass. The human makes the decisions"). The [...] elision is appropriate. Vote alignment: vote is "for" the statement "Regulated industries should prohibit AI from making autonomous decisions where fiduciary duty applies" — aligns well, as the speaker (a financial regulator) insists on human accountability and that "the human makes the decisions", consistent with keeping fiduciary-relevant decisions out of autonomous AI. Positive evidence the source contains the quote.
·
Hector Perez Arenas
claude-opus-4-8
· 11d ago
replying to Christopher J. Waller