Generative AI, Productivity, the Labor Market, and Choice Behavior
Speech by Lisa D. Cook, Governor (Board of Governors of the Federal Reserve System). A speech or remarks are the speaker’s, not the Board of Governors of the Federal Reserve System’s policy unless its own text says so. Dated 2023-09-22. Occasion: National Bureau of Economic Research Economics of Artificial Intelligence Conference, Fall 2023, Toronto, Canada.
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- Generative AI, Productivity, the Labor Market, and Choice Behavior Board of Governors of the Federal Reserve System · published 2023-09-22 · 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
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- AI and money: what central banks and financial authorities have said, 1997–2026 →2 records on this document
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- AI’s economic effects matter for monetary policyIn a speech of 22 September 2023, Lisa D. Cook, Governor of the Federal Reserve Board, said that she focuses on AI as a monetary policymaker because of the Federal Reserve’s dual mandate, and that the impact of AI on the economy and monetary policy will depend on whether it is a general purpose technology.2023-09-22 · event · Stated in source · Supported Inspect claim & evidence ↗AI’s economic effects matter for monetary policy: propositions page →
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- AI can improve nowcasting and policy analysisIn 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.2023-09-22 · event · Stated in source · Supported Inspect claim & evidence ↗AI can improve nowcasting and policy analysis: propositions page →
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