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2026-02-18 03:49:52
On Tuesday, San Francisco Federal Reserve President Mary Daly stated that the Fed needs to conduct in-depth data analysis to determine whether artificial intelligence is driving productivity growth. This would clarify whether the economy can achieve faster growth without triggering inflation or requiring the Fed to tighten policy to "put the brakes" on the economy. Daly pointed out that "most macroeconomic productivity studies to date have found limited evidence of a significant impact from artificial intelligence," which may be because the improvements brought about by localized investments in various industries and companies still need time to materialize. She added, "It may also be that we haven't reached a tipping point yet," and that a comprehensive transformation at the economic level will take longer to appear.
