Fed’s Jefferson Flags AI May Initially Lift Inflation Before Productivity Gains Lower Costs

businessmacroeconomicsai 1 posts · 1 accounts

Fed Vice Chair Philip Jefferson said artificial intelligence could initially raise inflation before productivity gains subsequently lower costs.

The comment adds to the Fed’s ongoing assessment of how emerging technology shapes price pressures and long-term economic growth.

From the sources (1 posts)

@cointelegraph

🇺🇸 NEW: Fed Vice Chair Jefferson says AI could initially raise inflation before productivity gains lower costs.