Federal Reserve governor Lisa Cook on Tuesday warned of the dangers created by artificial intelligence emerging in the labor ...

Fed launches systemwide AI platform, makes adoption a performance goal, and deploys genAI in payments, risk & ops with strict ...

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 ...

Federal Reserve Board Governor Lisa Cook sees unemployment rising on account of AI, and raised two issues for consideration ...

Federal Reserve Governor Christopher Waller said Tuesday the U.S. central bank is carefully moving to adopt artificial intelligence technology in a system-wide approach.

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 ...

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.

Key takeaways included his comments on tariffs, lower consumer prices, and AI driving up energy costs.

Fed Governor Lisa Cook said in a speech Feb. 24 that if AI continues to raise productivity, economic growth could remain strong, even as churn in the labor market leads to an increase in unemployment.

Artificial intelligence is improving fast and investment has been vast, but there is scarce evidence the technology is driving real productivity gains.

AI could boost productivity and create job-market challenges, but neither would justify near-term rate cuts, said Federal ...