Microsoft has appointed Xbox CEO Asha Sharma as an advisor to the US Federal Reserve, a move that places a gaming industry leader at the center of national economic policy. This appointment signals that regulators are looking toward the tech sector for insights on how artificial intelligence affects the workforce. It matters because it highlights the growing intersection between consumer technology and federal labor strategy.
Sharma joins task force assessing AI economic impact amid Xbox layoffs
Sharma serves on the newly formed Productivity and Jobs task force, which will assess the economic impact of AI across various industries. She is the only active CEO among the five advisors selected for this group. The task force aims to provide data-driven recommendations to the Federal Reserve on maintaining price stability and maximum employment.
The Federal Reserve emphasized its commitment to rigorous mandate pursuit, as stated by Chairman Kevin Warsh. He noted that the institution's resolve to support price stability and maximum employment remains unwavering. This guidance frames the task force's work within the broader context of US economic health.
This high-profile appointment occurs alongside sweeping layoffs at Xbox, which are impacting up to 3,200 jobs. The contrast between corporate downsizing and federal advisory roles underscores the complex shifts in the tech labor market. Former Walmart CEO Doug McMillon was also named to advise on Data, rounding out the expert panel.
We looked at Xbox closely — see our earlier coverage on Xbox CEO Says Gaming Is Becoming. The Federal Reserve's process for selecting these advisors remains unclear, according to available reports. Sharma's role marks a significant step in how government bodies are engaging with private sector leaders on AI-driven economic changes.
Source: VideoGameChronicles
