The Federal Reserve has enlisted Asha Sharma, a senior Xbox executive, to advise on how artificial intelligence is reshaping employment and productivity across the economy. Her appointment to the central bank's task force comes just days after Microsoft's gaming division announced 3,200 layoffs as part of the largest restructuring in Xbox's history. The timing has drawn attention, as Sharma will help guide policy discussions on AI's labor-market effects while overseeing a workforce reduction at her own company. The task force reflects growing concern among policymakers about how rapidly advancing AI technologies could disrupt jobs and alter economic output. Sharma's dual role places a corporate leader navigating real-world workforce changes at the center of federal deliberations. The Fed's interest signals that AI's employment consequences are increasingly viewed as a macroeconomic issue relevant to monetary policy and broader economic planning.
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