Federal Reserve's Daly: AI Has Significant Impact on Near- and Medium-Term Monetary Policy Making

Odaily reported that San Francisco Fed President Daly stated that artificial intelligence not only affects the long-term economic outlook, but is also closely related to the Fed's near- and medium-term monetary policy making. Daly noted that the Fed needs to understand how technological progress affects U.S. economic growth, productivity, and the labor market in order to assess its dual mandate goals of inflation, price stability, and full employment. (Jinshi)