Thank you, Avi. It is an honor to be back with you at the NBER Summer Institute. Thanks to you, Erik, and Catherine for organizing these insightful and thought-provoking sessions this summer. Artificial intelligence (AI) is advancing across the globe and permeating every corner of the economy at an incredibly rapid rate. This has significant implications for Federal Reserve leaders, both as policymakers and managers of the organization. AI is transforming the economy, including by accelerating how quickly we generate ideas and making workers more efficient, and that, in turn, will affect both sides of our dual ... (full story)