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2026-05-28 21:06:45
[Williams: Impact of Productivity Changes on Interest Rates "Depends on Specific Circumstances"] (1) Federal Reserve official Williams stated that it is currently unclear how the increase in productivity will ultimately affect interest rates and the Fed's policy-making. (2) He said the impact "depends on specific circumstances," depending on the nature of the productivity change itself and its expected duration. (3) Fed officials are assessing the impact of recent productivity leaps and the anticipated effects of AI technology on inflation and the labor market, with several officials expressing uncertainty about this.
