Fed's Lisa Cook Says AI Is Fueling Inflation — Warns Labor Market Faces a ‘Painful Transition’
Lisa Cook says AI investment is fueling inflation, while productivity gains may come too late to offset pressures, keeping rates higher.
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Why It Matters
A Federal Reserve leader says artificial intelligence is raising prices right now. She warns that job changes may be tough before things get better.
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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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