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Federal Reserve's Musalem warns against betting on AI to fix inflation
St. Louis Fed President Musalem says AI investments are boosting demand without delivering supply-side productivity gains needed to reduce inflation.
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Federal Reserve's Musalem warns against betting on AI to fix inflation
St. Louis Fed President Musalem says AI investments are boosting demand without delivering supply-side productivity gains needed to reduce inflation.
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Federal Reserve Bank of St. Louis President Musalem warns against relying on AI boom to address inflation
St. Louis Fed President Musalem warns AI productivity gains can't justify easing monetary policy with core PCE inflation stuck at 3.1% above the 2% target.