Officials said AI could be positive for policy because if it produces a future productivity boom, near-term inflation pressures might ease. But the Fed's September meeting minutes warned some risks could delay those gains: "a few participants noted new concerns arising from rapid AI adoption, including cybersecurity and other risks that in some cases could weigh on productivity." This month Fed officials, including BARR and Cook, emphasized uncertainty about the timing of any AI-related producti

Officials said AI could be positive for policy because if it produces a future productivity boom, near-term inflation pressures might ease. But the Fed's September meeting minutes warned some risks could delay those gains: "a few participants noted new concerns arising from rapid AI adoption, including cybersecurity and other risks that in some cases could weigh on productivity." This month Fed officials, including BARR and Cook, emphasized uncertainty about the timing of any AI-related productivity improvements.