Fed's Cook Highlights AI's Impact on Labor and Policy
TL;DR
Governor Cook discusses the rapid advancement of AI as a transformative, general-purpose technology impacting the economy and Federal Reserve operations, emphasizing responsible adoption principles, ongoing research, and cautious optimism about AI's potential to enhance productivity and influence monetary policy while acknowledging challenges and uncertainties.
Topics:businesseconomy#ai-adoption#artificial-intelligence#economy#federal-reserve#monetary-policy#technology-innovation
- Speech by Governor Cook on artificial intelligence and innovation Federal Reserve Board (.gov)
- Fed’s Cook says the central bank is using AI in all these ways, but not for setting policy MarketWatch
- Fed Governor Lisa Cook: AI Set to Reshape Labor Market PYMNTS.com
- AI could affect both sides of Fed's mandate, Fed's Cook says MSN
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