FEDERAL RESERVE COUNCILLOR WALLER: AI IS EXPECTED TO BRING INFLATION OKAY

ON 3 SEPTEMBER, FEDERAL RESERVE BOARD MEMBER WALLER STATED THAT IF THE ECONOMY ' S POTENTIAL CAPACITY WAS INCREASED, THE INCREASE IN OUTPUT WOULD NOT LEAD TO AN INCREASE IN INFLATION. ARTIFICIAL INTELLIGENCE IS EXPECTED TO INCREASE PRODUCTIVITY AND BRING DOWN INFLATION, AND ITS POTENTIAL GROWTH SPACE IS RISING. HE STATED THAT ARTIFICIAL INTELLIGENCE WAS AN “SURPRISING TECHNOLOGY” AND THAT THE FULL IMPACT OF AI WAS NOT CURRENTLY REFLECTED IN ECONOMIC DATA. KIM XIAN