AdvertisementBusinessFederal Reserve Bank of Kansas President Jeff Schmid looks on as he gets ready to host the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming on August 22, 2024. REUTERS/Ann SaphirAI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration25 Sep 2026 10:40PM (Updated: 25 Sep 2026 10:43PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST WASHINGTON, Sept 25 : Kansas City Fed President Jeff Schmid said that as the artificial intelligence boom unfolds it will be important for the Fed to understand if the network of firms and contracts developing in the industry is becoming so large it is too big to fail."Where we have to start to really synthesize what's happening in the AI and the data center build-out is are we moving to a too-big-to-fail AI ecosystem," he said, referring to the need for public bailouts of major financial institutions during the 2007 to 2009 financial crisis because of their size and influence on the broader economy."You worry a little bit about how do we understand what's inside. ... Is there anything systemic?" he asked.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST