Fed Governor Lisa Cook said she is highly attentive to the risk that artificial intelligence could cause a temporary rise in unemployment. She noted the Fed has limited tools to address this, and rate cuts could fuel inflation.
She highlighted the trade-off between rate cuts and inflation.
She said the Fed has limited tools to address AI-driven unemployment.
Fed Governor Lisa Cook said she is highly attentive to the possibility that artificial intelligence could cause a temporary rise in unemployment. She noted the Fed has limited tools to address such labor market shifts, and that rate cuts could fuel inflation.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
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