Tara Sinclair on Building a Synthetic FOMC Through AI — Macro Musings with David Beckworth

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

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow Tara on X: @TaraSinc

Follow the show on X: @Macro_Musings

Check out our Macro Musings merch!

Subscribe to David's new BTS YouTube Channel

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