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Daly: The AI Moment? Possibilities, Productivity, and Policy
Good afternoon and thank you for that kind introduction. And thank you to the Silicon Valley Leadership Group and to San Jose State University for having me here. I am looking forward to a great conversation. Today, I’m going to talk about AI. Now standing here in Silicon Valley, many of you might find AI exciting, full of promise and possibility. For others, it may feel more worrisome, a potential disrupter to lives, livelihoods, and what it means to be human.1 This is not surprising. People also had mixed feelings about electricity and the automobile, with some fearing them as dangerous, supernatural, even evil, ... (full story)
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FED’S DALY: AI INVESTMENT COULD LIFT DEMAND AND ADD TO INFLATIONARY PRESSURES, WHILE PRODUCTIVITY GAINS ARE DISINFLATIONARY; IMPACT DEPENDS ON TIMING. FED’S DALY: INFLATION REMAINS ABOVE TARGET AND HOUSEHOLDS ARE FEELING FINANCIAL STRAIN. ... Fed's Daly: Too far to link productivity growth all to AI, but something is definitely happening in productivity. FED'S DALY SAYS WORKER ANXIETY IS ELEVATED BUT AI ISN'T TAKING ALL JOBS Breaking | Federal Reserve's Daly Confirms AI is Not Currently Used in Monetary Policy Decisions.
From finance.yahoo.com | Feb 17, 2026
The Federal Reserve must dig deep into the data to assess whether artificial intelligence is boosting productivity growth and enabling faster economic growth without igniting inflation that would require it to tap the brakes with tighter policy, San Francisco Fed President Mary Daly said on Tuesday. The Trump administration says that's already happening, ...
DALY: WE HAVE 75 BASIS POINTS ROUGHLY TO GO UNTIL GET TO NEUTRAL FED'S DALY: NO HIRING, NO FIRING MAKES THE ECONOMY A LITTLE VULNERABLE. ...
