AI Fixated Fed Not Ready to Make a Greenspan-Size Bet

Policymakers at the Federal Reserve are increasingly obsessed with artificial intelligence and its promise of a turbocharged economy, but are not ready to make a big call that the revolution...

By Bloomberg Markets · Bloomberg Markets

Policymakers at the Federal Reserve are increasingly obsessed with artificial intelligence and its promise of a turbocharged economy, but are not ready to make a big call that the revolution is under way. The Fed is under pressure to consider the effects of AI on the economy, with some analysts seeing signs of increased productivity, while others are concerned about above-target inflation and weak job markets. The impact of AI on the economy is still unclear, with some economists thinking it may be an early sign of a productivity boom, while others warn of potential job losses and social problems due to white-collar displacement. Bloomberg's Enda Curran joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)