Thank you for the invitation to join you today. It's great to be at the San Francisco Fed and to be part of this conversation. I’m going to focus today on a question that is on my mind as a policymaker and that elicits strong and wide-ranging views. What might the rapid advance of artificial intelligence (AI) mean for the U.S. economy, and what does it mean for monetary policy? Is AI more than hype? At the Children's Hospital of Philadelphia, AI systems are transforming pediatric care. AI tools help diagnose rare diseases and can predict patient decline hours before more traditional methods. They also allow for ... (full story)