Fed's Barr Says Inflation Is A Key Concern; Fed Has Been 'knocked Off Course' To 2% Goal; Barr Does Not See A Clear Trend Toward A Timely Return To 2% Inflation; Says Makes Sense To Pencil In AI Productivity Boost In Medium Term, But Difficult To Project How Or When; He Is Optimistic AI Will Boost Productivity In The Longer Term
https://www.federalreserve.gov/newsevents/speech/barr20260929a.htm
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Why It Matters
A top Federal Reserve leader says inflation is still a problem. He thinks artificial intelligence could help the economy grow later, but no one knows exactly when.
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