The Minneapolis Fed President is something of a hawk lately and is out with some comments:
- Fed is close on both mandates
- Crypto is “utterly useless”
- AI could be a boost to productivity in the next 5-10 years
- Fed is cautious about using AI internally
- Fed is committed to making the best decisions based on data and analysis
- Optimistic about AI, almost all businesses are finding benefits from using it
Nothing too surprising here as the Fed is sitting on its hands until there is some kind of change in the data. We get Q4 GDP data tomorrow but even if it’s a miss, it should still be healthy.
This article was written by Adam Button at investinglive.com.