St. Louis Fed’s Musalem: AI Will Boost Productivity

Cointime update: St. Louis Federal Reserve President Alberto Musalem said on November 6 that artificial intelligence will raise productivity. The remarks were reported on November 6 without further detail on the timing, scope or policy implications of his comments. Musalem’s assessment adds to the debate over how AI-driven productivity gains could affect the U.S. economic outlook and Federal Reserve policy.