Daly Says Fed Officials Should Watch for Signs of AI Impact

Federal Reserve Bank of San Francisco President Mary Daly said that while there isn’t much indication yet that artificial intelligence is fundamentally changing the US economy, policymakers must be open to signs that the new technology will have an impact.

“It is easy to see the possibilities but harder to know when and how they will evolve,” Daly said Tuesday in prepared remarks for an event hosted by the Silicon Valley Leadership Group in San Jose, California.

Pointing to former Fed Chair Alan Greenspan’s prescient observations in the 1990s that computers and the Internet would meaningfully transform work and ...