Economic Letter
Brief summaries of SF Fed economic research that explain in reader-friendly terms what our work means for the people we serve.
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The AI Moment? Possibilities, Productivity, and Policy
Mary C. Daly
AI adoption and use are still evolving, and the technology itself is changing rapidly. What we know about AI and its impact on productivity growth and the economy remains uncertain. Transformations take time. We need to look for early indicators in the data and in business to get monetary policy right. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Silicon Valley Leadership Group and San Jose State University in San Jose, California, on February 17.
