Fed Governor Cook Addresses AI's Economic Impact in Oakland
Federal Reserve Governor Lisa Cook outlined AI's growing role in the economy at Oakland Tech Week, offering a monetary policy perspective on the technology's effects.
Federal Reserve Governor Lisa Cook delivered remarks on artificial intelligence and its economic implications at the Oakland Tech Week Opening Keynote, an event cohosted by the Kapor Center in Oakland, California. The speech marks a notable instance of a sitting Fed policymaker addressing the intersection of emerging technology and macroeconomic conditions.
The choice of venue underscores the Federal Reserve's interest in engaging with the technology sector directly, as AI continues to generate debate among economists about its potential to reshape productivity, labor markets, and inflation dynamics. Oakland Tech Week serves as a regional gathering for technology stakeholders, making it a platform for policy dialogue beyond Washington.
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Central bank officials have increasingly been called upon to assess how rapid advances in AI may influence the data and models that guide monetary policy decisions. Productivity shifts driven by AI adoption could alter the neutral rate of interest and affect how the Fed interprets employment and price stability indicators over the medium term.
While the full content of Governor Cook's prepared remarks was not detailed in the available source material, the address signals ongoing Fed attention to structural economic changes driven by technological innovation. Policymakers are watching whether AI's productivity promise translates into measurable output gains that could inform the rate-setting outlook.
Continue reading at FRB: Speeches.
