Fed's Barr Says Too Early To Know If AI Will Push Up Neutral Rate Of Interest; AI Buildout Likely To Be A Strong Boost To U.S. Economic Activity In Next Year Or So; Should Be Prepared For Serious Short-term Disruptions In Labor Market From AI; Broad Productivity Gains From AI May Take Some Time
https://www.federalreserve.gov/newsevents/speech/barr20260929a.htm
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Why It Matters
A big Fed official says AI will help the economy grow strong soon. But we should watch out for job changes, and it is too early to know how interest rates might change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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