Claim · 2023-09-22 · event · Stated in source · Supported

In a speech of 22 September 2023, Lisa D. Cook, Governor of the Federal Reserve Board, said that in the policy arena an AI black box with no insight into the decision-making process is of limited value, and that she looks on model-generated forecasts with a skeptical eye if they are not coupled with a plausible explanation of their driving factors.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Generative AI, Productivity, the Labor Market, and Choice Behavior → bears on → AI can improve nowcasting and policy analysis

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Generative AI, Productivity, the Labor Market, and Choice Behaviorbears on ↓AI can improve nowcasting and policy analysis

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source; Context: primary · 1 source

Date: 2023-09-22 · event Records dated 2023 →
Role: Context
Register (kind of text): Nonfiction
Missing element: A statement that AI or machine learning does not, or cannot, improve policy analysis; the passage conditions the value of AI forecasts on an explanation of their drivers.

Scope and limitsA conditional reservation, not a denial that AI can improve analysis; in the same speech she states interest in progress on ‘explainable AI’. The speaker’s view with disclaimer.

The evidence 02

primary sourceSupports the claim

Generative AI, Productivity, the Labor Market, and Choice Behavior

Board of Governors of the Federal Reserve System · 2023-09-22

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“In this context, an AI black box with no insight into the decision-making process is of limited value. As a policymaker, I look upon model-generated forecasts with a skeptical eye, if they are not coupled with a plausible explanation for the driving factors behind them.”

Location in source Section ‘Choice Behavior’, paragraph beginning ‘Policymakers, too, at all levels of government’

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Lisa D. Cook
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 f187dca43e687be19daa5a34b8972b26e5a816b43df2031d7031c9c01c640793). Retrieved again at admission on 2026-11-06 (SHA-256 bb36b505f5e05a1e713665691485fc5de4eaaf0115bbf708c5904a0371a4e272; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Lisa D. Cook, “Generative AI, Productivity, the Labor Market, and Choice Behavior”, 2023-09-22.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (45 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. Supports the contesting stance. No human editorial review.

primary sourceContext only

Generative AI, Productivity, the Labor Market, and Choice Behavior

Board of Governors of the Federal Reserve System · 2023-09-22

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“The views I express here are my own and not those of the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.”

Location in source Footnote 1

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Lisa D. Cook
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 f187dca43e687be19daa5a34b8972b26e5a816b43df2031d7031c9c01c640793). Retrieved again at admission on 2026-11-06 (SHA-256 bb36b505f5e05a1e713665691485fc5de4eaaf0115bbf708c5904a0371a4e272; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Lisa D. Cook, “Generative AI, Productivity, the Labor Market, and Choice Behavior”, 2023-09-22.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The text’s own statement of whose views it gives, shown beside the record; it is context, not support. The quotation matched a fresh retrieval of 2026-11-06. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document bears on the proposition without meeting its criterion; the record names the missing element. It is not an articulation and implies no influence.

Date. Date the speech or remarks were delivered, as the text gives it.

Record ID am-u05-frb-2023-cook-genai-context