Fed's Daly: AI matters for medium- and near-term policy
SPY•San Francisco Fed President Mary Daly said artificial intelligence matters for how central bankers think about policy in the near and medium term, including its effects on growth, productivity and the labor market.
1. AI and policy
Daly said artificial intelligence is relevant to central bankers’ near- and medium-term policy considerations. At a conference on AI and the economy, she said the Fed needs to understand how technology affects U.S. growth, productivity and the labor market to consider its inflation, price stability and full employment mandates.
