Federal Reserve Gov. Lisa Cook said advancements in artificial intelligence would likely have a “substantial effect” on global labor markets by improving productivity, but she stressed the “tremendous uncertainty” of the technology and its ultimate impact.
In a speech given at a conference organized by the Federal Reserve Banks of Atlanta, Boston, and Richmond, Cook said she had observed rapid adoption of AI by American businesses and beyond. “The conversation has changed,” Cook told Atlanta Fed President Raphael Bostic.
