By Neil Roland ( September 28, 2026, 20:35 GMT | Insight) -- US elected officials have the responsibility to decide on appropriate use of artificial intelligence in the financial sector, Federal Reserve Governor Lisa Cook said. The Fed’s only role with AI should be as a banking supervisor, she said. “For our part at the Fed, as a supervisor of banking organizations, we have encouraged, and continue to encourage, responsible use of AI within the financial sector in a manner that is consistent with safe and sound practices and in compliance with applicable law,” Cook said. “Beyond that, any specific role for the government in the path of AI's trajectory is for elected officials to decide."US elected officials have the responsibility to decide on appropriate use of artificial intelligence in the financial sector, Federal Reserve Governor Lisa Cook said Monday....
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