Fed Says AI’s Productivity Payoff Won’t Come Fast Enough to Offset Inflation
6 Articles
6 Articles
Fed’s Cook Says AI Gains Won’t Offset Near-Term Inflation
Federal Reserve Governor Lisa Cook said future productivity gains from artificial intelligence may not be enough to offset near-term price pressures, warning this trend could drive up inflation across the economy.
The director of the Federal Reserve (Fed, the central bank of the United States) Lisa Cook predicts that, in the coming months, investments in artificial intelligence and the transfer of the highest oil prices, due to the war in Iran, will continue to press American inflation. Lisa, who voted in favour of the last high in interest rates, has not committed herself to a specific trajectory and has stated that new movements in monetary policy will …
Fed Governor Lisa Cook warned that the productivity gains expected from artificial intelligence will not be enough to offset the upward pressure on prices expected in the near future, so inflationary effects may continue to ripple through the economy in the second half of this year, Bloomberg reports.
Fed Says AI’s Productivity Payoff Won’t Come Fast Enough to Offset Inflation
Federal Reserve Governor Lisa Cook is sharpening the central bank’s warning about the artificial intelligence investment boom, arguing that its promised productivity gains will not arrive quickly enough to neutralize the inflation generated by the buildout this year. Cook said Monday that she expects continued inflation pressure from AI-related demand alongside higher oil prices and […] The post Fed Says AI’s Productivity Payoff Won’t Come Fast …
(Teleborsa) - Pressures on inflation in the United States could increase in the coming months due to strong demand linked to investment in artificial intelligence and rising prices in the United States.
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