Fed governor Lisa Cook says AI boom is creating broader inflation pressures
Artificial intelligence is emerging as a new complication for the Federal Reserve’s fight against inflation, with Governor Lisa Cook warning that the price pressures tied to the technology could spread well beyond the companies building AI systems. The Hill reported Monday that Cook said the initial impact of inflation has been concentrated in AI-related products […]
The post Fed governor Lisa Cook says AI boom is creating broader inflation pressures appeared first on Unite News.
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