Federal Reserve Chair Daly stated that AI investment can boost demand and intensify inflationary pressures; however, productivity has a dampening effect on inflation. Not all productivity growth can be attributed to artificial intelligence, but productivity is indeed changing.
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Federal Reserve's Daly: AI Investment Can Boost Demand and Intensify Inflationary Pressures
Federal Reserve Chair Daly stated that AI investment can boost demand and intensify inflationary pressures; however, productivity has a dampening effect on inflation. Not all productivity growth can be attributed to artificial intelligence, but productivity is indeed changing.