Fed, Waller and March rate cut
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Fed launches systemwide AI platform, makes adoption a performance goal, and deploys genAI in payments, risk & ops with strict safeguards—read more now.
By Michael S. Derby Feb 24 (Reuters) - Federal Reserve Governor Christopher Waller said on Tuesday he doesn’t expect the adoption of artificial intelligence technology to totally upend the job market in the U.
AI adoption and use are still evolving, and the technology itself is changing rapidly. What we know about AI and its impact on productivity growth and the economy remains uncertain. Transformations take time.
San Francisco Federal Reserve President Mary Daly said that monetary policy is “in a good place” and that officials at the central bank have been assessing what effect artificial intelligence will have on the economy.
WASHINGTON, Feb 24 (Reuters) - Artificial intelligence has triggered a generational shift in the U.S. labor market and could lead to a possible rise in the unemployment rate that the U.S. central bank may not be able to counter with lower interest rates,
Executives have more trust in the central bank's board than their smaller-bank brethren, according to American Banker's 2026 Predictions report.
The Fed governor said AI-related business investment in data centers and chips is soaring despite elevated interest rates, suggesting the current neutral rate may be higher than before the pandemic. Cook said this could reverse when AI productivity gains are more fully realized or if labor market transition leads to rising income inequality.
By Howard Schneider and Ann Saphir WASHINGTON, Feb 18 (Reuters) - Federal Reserve policymakers were in near-unanimous agreement to keep interest rates on hold at their meeting last month, but remained split over their next steps,
In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better
Federal Reserve governor Lisa Cook on Tuesday warned of the dangers created by artificial intelligence emerging in the labor sector. Cook said the use of AI could cause “job displacement”