More from Fed's Cook: AI could be inflationary in short term, disinflationary in long ternMore from Federal Reserve Board Governor Lisa Cook:
- expects AI to have an impact on inflation by augmenting labour productivity, allowing higher employment without corresponding inflation
- in the shirt-run Ai could be inflationary, because of high demand
- Over the long run AI could be disinflationary
more to come
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: More from Fed's Cook: AI could be inflationary in short term, disinflationary in long tern (https://www.forexlive.com/centralbank/more-from-feds-cook-ai-could-be-inflationary-in-short-term-disinflationary-in-long-tern-20240926/)
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