Tara Sinclair on Building a Synthetic FOMC Through AI
Description
Tara Sinclair is a professor and chair of the economics department at George Washington University. Tara returns to the show to discuss her ambitious paper simulating an FOMC meeting before it happens with LLM models, the process of building sim FOMC members, the importance of publicly funding economic data, the future of AI and macroeconomics, and much more.
Check out the transcript for this week's episode, now with links.
Recorded on October 27th, 2025
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Timestamps
00:00:00 - Intro
00:01:44 - Data and Policymaking
00:05:28 - Federal Forecasters Conference
00:08:01 - FOMC in Silico
00:32:56 - Future Applications
00:38:29 - Broader Implications
00:42:57 - Central Bank Governance and AI
00:51:40 - Outro
United States
