Fed's Cook Highlights AI's Impact on Labor and Policy
TL;DR Summary
Governor Cook discusses the rapid advancement of AI as a transformative, general-purpose technology impacting the economy and Federal Reserve operations, emphasizing responsible adoption principles, ongoing research, and cautious optimism about AI's potential to enhance productivity and influence monetary policy while acknowledging challenges and uncertainties.
Topics:business#ai-adoption#artificial-intelligence#economy#federal-reserve#monetary-policy#technology-innovation
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