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Fed must dig deep on AI impact to make right rate calls ahead, Daly says
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, and some economists say that rising investment in AI will boost productivity growth further, creating an economy that, as in the 1990s with the adoption of computers and software, could grow faster than before even as inflation remained tame. So far, Daly said in ... (full story)
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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 ...
