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Cook: Opening Remarks for the “AI and Productivity across the Economy” Panel
Good morning. Thank you to the National Association for Business Economics for inviting me to speak with you today, and thank you to Jared for serving as our moderator. I am honored to share the stage with my former colleague Michael and my former student and research assistant Ging Cee, and I look forward to our discussion. In economics, artificial intelligence (AI) and productivity are among my favorite areas of inquiry. In the two decades before I became a Federal Reserve governor, I studied and contributed research to the economics of innovation and used machine learning in my research. In my current role, I have ... (full story)
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Federal Reserve governor Lisa Cook suggested Tuesday that artificial intelligence could push the central bank to have to make hard choices between keeping interest rates elevated to fend off inflationary pressures and lowering rates to address lower employment. “If AI continues to raise productivity, economic growth could remain strong, even as churn in the ...
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U.S. President Donald Trump’s new blanket tariffs came into force on Tuesday — but investors appear to be shrugging the changes off, with one analyst telling CNBC they were “bigger issues.” Trump announced over the weekend that a new, blanket 15% global levy on imports to the U.S. The president initially announced plans to impose a 10% duty on global ...
