More from Fed’s Cook: AI could be inflationary in short term, disinflationary in long tern

More 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:

• Fed’s Cook says she ‘wholeheartedly’ supported 50bp rate cut

This article was written by Eamonn Sheridan at www.forexlive.com. Source