Fed's Daly: AI has significant implications for near- and medium-term monetary policy making

Odaily Report: San Francisco Fed President Daly stated that artificial intelligence not only affects the long-term economic outlook but is also closely tied to the Fed's near- and medium-term monetary policy making. Daly noted that the Fed needs to understand how technological advances affect U.S. economic growth, productivity, and the labor market in order to assess its dual mandate goals of inflation, price stability, and full employment. (Jinshi)