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Global Market: Fed's Daly dismisses AI as near-term inflation risk amid rising prices
San Francisco Fed President Mary Daly stated that while Artificial Intelligence may lower prices long-term, it's not a current concern for monetary policy. She believes AI's economic impact will unfold over five to ten years, boosting productivity. Daly attributed current inflation to tariffs and recent energy/food cost hikes, not AI, emphasizing the Fed's focus on the next 12 months.
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channelnewsasia.com
Fed's Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is…
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economictimes.indiatimes.com
Global Market: Fed's Daly dismisses AI as near-term inflation risk amid rising prices
San Francisco Fed President Mary Daly stated that while Artificial Intelligence may lower prices long-term, it's not a current concern for monetary policy. She believes AI's…
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cryptobriefing.com
Federal Reserve's Mary Daly notes AI-driven productivity gains in select sectors
San Francisco Fed President Mary Daly sees AI-driven productivity gains at select firms, but economy-wide impact remains elusive. Here's what it means for