AI Bots Swarm the Fed’s FRED Data Site as Jamie Dimon Warns of Security Risks

Automated AI agents are increasingly scraping data from the Federal Reserve Economic Data (FRED) website, prompting officials to implement rate-limiting measures to maintain system stability. JPMorgan Chase CEO Jamie Dimon has highlighted these activities as a growing cybersecurity concern, noting that such large-scale data collection efforts could facilitate broader digital threats. The situation underscores the tension between public data accessibility and the infrastructure challenges posed by rapid, automated data extraction.