Fed Officials Cite Concerns with Productivity Tied to AI
Dow Jones
3 hours ago
1437 ET - One promising aspect of the AI buildout for policymakers is that its near-term inflationary pressures could eventually ease if the technology delivers a productivity boom in the future. But minutes from the Fed's September meeting highlighted risks that could delay those gains. "A few participants flagged emerging concerns regarding potential repercussions associated with rapid adoption of AI, including cybersecurity and other risks, that could act as a drag on productivity in some cases," the minutes said. This month, policymakers including Fed governor Michael Barr and Fed governor Lisa Cook have highlighted uncertainty on the timing of productivity tied to AI.
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