Fed's Jefferson on AI and the economy
Fed Vice Chair Jefferson said AI optimism has driven stock gains and productivity growth could raise the neutral rate.
What we know
Jefferson said AI optimism has driven stock gains, that productivity could raise the neutral rate, and that labor disruption may need non-monetary solutions.
Fed funds rate
3.88% −0.70 pts · 2 yr
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@FirstSquawk
“AI-RELATED PRODUCTIVITY GROWTH COULD INCREASE THE ECONOMY'S NEUTRAL RATE”
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