{"index":{"byClaim":[["am-u06-frb-2025-jefferson-ai",["propositions:ai-and-money"]]],"marks":[],"chronicle":{"years":[{"year":1637,"topics":{"ideas":2},"stated":0},{"year":1843,"topics":{"ideas":1},"stated":0},{"year":1863,"topics":{"ideas":10},"stated":0},{"year":1865,"topics":{"ideas":3},"stated":0},{"year":1872,"topics":{"ideas":12},"stated":0},{"year":1923,"topics":{"ideas":3},"stated":0},{"year":1943,"topics":{"ideas":1},"stated":0},{"year":1947,"topics":{"ideas":4},"stated":0},{"year":1948,"topics":{"ideas":7},"stated":0},{"year":1949,"topics":{"ideas":4},"stated":0},{"year":1950,"topics":{"ideas":13},"stated":0},{"year":1951,"topics":{"ideas":14},"stated":0},{"year":1952,"topics":{"ideas":2},"stated":0},{"year":1955,"topics":{"ideas":32},"stated":0},{"year":1956,"topics":{"ideas":1},"stated":0},{"year":1957,"topics":{"ideas":1},"stated":0},{"year":1958,"topics":{"ideas":8},"stated":0},{"year":1959,"topics":{"ideas":7},"stated":0},{"year":1960,"topics":{"ideas":12},"stated":0},{"year":1961,"topics":{"ideas":14},"stated":0},{"year":1965,"topics":{"ideas":9},"stated":0},{"year":1966,"topics":{"ideas":21},"stated":0},{"year":1968,"topics":{"ideas":5},"stated":0},{"year":1969,"topics":{"ideas":2},"stated":0},{"year":1971,"topics":{"ideas":4},"stated":0},{"year":1972,"topics":{"ideas":1},"stated":0},{"year":1973,"topics":{"ideas":5},"stated":0},{"year":1974,"topics":{"ideas":2},"stated":0},{"year":1975,"topics":{"ideas":1},"stated":0},{"year":1976,"topics":{"ideas":1},"stated":0},{"year":1977,"topics":{"people":2,"ideas":8},"stated":0},{"year":1979,"topics":{"ideas":10},"stated":0},{"year":1980,"topics":{"ideas":2},"stated":0},{"year":1981,"topics":{"people":2},"stated":0},{"year":1982,"topics":{"ideas":4},"stated":0},{"year":1983,"topics":{"ideas":7},"stated":0},{"year":1984,"topics":{"ideas":21},"stated":0},{"year":1985,"topics":{"ideas":9},"stated":0},{"year":1986,"topics":{"ideas":18},"stated":0},{"year":1987,"topics":{"ideas":1},"stated":0},{"year":1988,"topics":{"ideas":6},"stated":0},{"year":1989,"topics":{"ideas":26},"stated":0},{"year":1990,"topics":{"ideas":9},"stated":0},{"year":1991,"topics":{"ideas":14},"stated":0},{"year":1992,"topics":{"ideas":15},"stated":0},{"year":1993,"topics":{"ideas":27,"people":3},"stated":0},{"year":1994,"topics":{"ideas":18},"stated":0},{"year":1995,"topics":{"ideas":10,"people":1},"stated":0},{"year":1996,"topics":{"ideas":83},"stated":0},{"year":1997,"topics":{"ideas":20},"stated":0},{"year":1998,"topics":{"ideas":56},"stated":0},{"year":1999,"topics":{"ideas":36,"people":1,"institutions":1},"stated":0},{"year":2000,"topics":{"ideas":78},"stated":0},{"year":2001,"topics":{"ideas":58},"stated":0},{"year":2002,"topics":{"ideas":32},"stated":0},{"year":2003,"topics":{"ideas":9},"stated":0},{"year":2004,"topics":{"ideas":15,"people":3},"stated":0},{"year":2005,"topics":{"ideas":20,"people":1},"stated":0},{"year":2006,"topics":{"ideas":26,"people":1},"stated":0},{"year":2007,"topics":{"ideas":21},"stated":0},{"year":2008,"topics":{"ideas":67,"people":3,"institutions":1},"stated":0},{"year":2009,"topics":{"ideas":13,"people":1},"stated":0},{"year":2010,"topics":{"people":3,"ideas":14,"institutions":1,"governance":4},"stated":0},{"year":2011,"topics":{"people":3,"ideas":20,"institutions":2},"stated":0},{"year":2012,"topics":{"people":4,"ideas":20,"institutions":2},"stated":0},{"year":2013,"topics":{"ideas":47,"people":4,"institutions":2,"capital":1},"stated":0},{"year":2014,"topics":{"institutions":2,"ideas":63,"people":5},"stated":0},{"year":2015,"topics":{"people":23,"ideas":135,"institutions":3,"capital":1},"stated":0},{"year":2016,"topics":{"ideas":88,"people":2},"stated":0},{"year":2017,"topics":{"people":16,"institutions":3,"ideas":150,"governance":2},"stated":0},{"year":2018,"topics":{"people":9,"ideas":172,"institutions":9,"governance":1},"stated":0},{"year":2019,"topics":{"capital":1,"compute":1,"people":11,"governance":19,"ideas":188,"institutions":5},"stated":0},{"year":2020,"topics":{"people":6,"ideas":99,"institutions":1,"governance":2},"stated":0},{"year":2021,"topics":{"people":27,"ideas":195,"compute":1,"institutions":25,"governance":4,"capital":6},"stated":0},{"year":2022,"topics":{"people":15,"ideas":241,"institutions":8,"governance":3,"compute":2,"capital":1},"stated":0},{"year":2023,"topics":{"capital":14,"compute":7,"institutions":27,"people":55,"governance":239,"ideas":422},"stated":0},{"year":2024,"topics":{"capital":31,"compute":19,"governance":367,"people":103,"ideas":231,"institutions":39},"stated":1},{"year":2025,"topics":{"governance":796,"compute":70,"capital":61,"people":145,"institutions":33,"ideas":215},"stated":7},{"year":2026,"topics":{"governance":619,"capital":30,"compute":33,"institutions":32,"ideas":128,"people":139},"stated":19},{"year":2027,"topics":{},"stated":8},{"year":2028,"topics":{},"stated":6},{"year":2029,"topics":{},"stated":3},{"year":2030,"topics":{},"stated":3},{"year":2032,"topics":{},"stated":2},{"year":2035,"topics":{},"stated":2},{"year":2039,"topics":{},"stated":1},{"year":2042,"topics":{},"stated":1},{"year":2050,"topics":{},"stated":1}],"scheduled":[],"statedBy":[]},"collections":[{"target":{"kind":"propositions","id":"antecedent-texts"},"title":"Antecedent texts: machine intelligence before 1965","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"superintelligence"},"title":"Propositions about superintelligence, 1863–2025","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"risk-debate"},"title":"Arguments about catastrophic risk from advanced AI, 1863–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"yudkowsky-arguments"},"title":"Eliezer Yudkowsky’s arguments on common claims about AI, 1996–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"machine-succession"},"title":"Machine succession, scale and acceleration: propositions in located texts, 1863–2026","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"economics-of-machine-intelligence"},"title":"Economics of machine intelligence: texts from 1952 to 2026 that state, contest or bear on its propositions","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"orbital-compute-arguments"},"title":"Arguments about compute in orbit","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-bio-arguments"},"title":"Arguments about AI and biological risk","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-in-science"},"title":"AI in science","claimIds":[],"records":[]},{"target":{"kind":"propositions","id":"ai-and-money"},"title":"AI and money: what central banks and financial authorities have said, 1997–2026","claimIds":["am-u06-frb-2025-jefferson-ai"],"records":[]},{"target":{"kind":"documents"},"title":"Frontier safety frameworks","claimIds":[]},{"target":{"kind":"compare","id":"frontier-safety-frameworks"},"title":"Compare frameworks","claimIds":[]},{"target":{"kind":"control","id":"openai"},"title":"OpenAI’s control structure, 2015–2026","claimIds":[]},{"target":{"kind":"control","id":"anthropic"},"title":"Anthropic’s control structure, 2021–2026","claimIds":[]},{"target":{"kind":"commitments"},"title":"External commitments and obligations","claimIds":[]},{"target":{"kind":"question","id":"frameworks-to-obligations"},"title":"Frameworks, commitments and legal obligations, 2023–2026","claimIds":[]},{"target":{"kind":"reading"},"title":"Founding and early leadership","claimIds":[]}]},"version":"1w72rbb","build":"index-CoKtSxT7.js","packed":1,"at":{"entities":[2304,24],"claims":[6759],"sources":[2164],"evidence":[9281,1,1]},"records":{"entities":{"n":2,"fields":{"id":["frb-2025-jefferson-ai","ai-matters-for-monetary-policy"],"name":["AI and the Economy","AI’s economic effects matter for monetary policy"],"type":["document","concept"],"subtype":["Speech"],"description":["Speech by Philip N. Jefferson, Vice Chair (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 2025-11-07. Occasion: Euro20+, Deutsche Bundesbank, Frankfurt, Germany."],"sourceIds":[["source-am-frb-2025-jefferson-ai"]],"proposition":[{"code":"J06","criterion":"The effects of AI on productivity, labour markets, prices, investment or the neutral rate of interest are relevant to the conduct of monetary policy, so that central banks need to assess or respond to them.","terms":[]}]},"held":{"subtype":[0],"description":[0],"sourceIds":[0],"proposition":[1]}},"claims":{"n":1,"fields":{"id":["am-u06-frb-2025-jefferson-ai"],"subject":["frb-2025-jefferson-ai"],"predicate":["articulates_proposition"],"object":[{"kind":"entity","entityId":"ai-matters-for-monetary-policy"}],"topic":["ideas"],"statement":["In a speech of 7 November 2025, Philip N. Jefferson, Vice Chair of the Federal Reserve Board, said that productivity gains from AI may affect the relationship between employment and inflation and hence the conduct of monetary policy, while adding that it is likely still too soon to tell what these effects mean for policy."],"time":[{"kind":"event","date":"2025-11-07","note":"Date the speech or remarks were delivered, as the text gives it."}],"derivation":["explicit"],"resolution":["supported"],"editorialState":["seed"],"evidenceIds":[["evidence-am-u06-frb-2025-jefferson-ai-1","evidence-am-u06-frb-2025-jefferson-ai-2","evidence-am-u06-frb-2025-jefferson-ai-disclaimer"]],"attributes":[{"thought":{"roles":["articulation"],"register":"nonfiction","voice":"official"}}]}},"sources":{"n":1,"fields":{"id":["source-am-frb-2025-jefferson-ai"],"documentId":["frb-2025-jefferson-ai"],"title":["AI and the Economy"],"authors":[["Philip N. Jefferson"]],"publisher":["Board of Governors of the Federal Reserve System"],"publicationDate":["2025-11-07"],"version":["Retrieved for the candidate pack on 2026-11-02 (SHA-256 ef42d6ed1bfdef2ebb8181441764a3c0377e903f39bc01682e87ec47fea6c4f7). Retrieved again at admission on 2026-11-06 (SHA-256 9ba23c996636a12ee3e73af001303769b4192de911c94b7b80f530f601207a5a; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02"],"evidenceUrl":["https://www.federalreserve.gov/newsevents/speech/jefferson20251107a.htm"],"language":["en"]}},"evidence":{"n":3,"fields":{"id":["evidence-am-u06-frb-2025-jefferson-ai-1","evidence-am-u06-frb-2025-jefferson-ai-2","evidence-am-u06-frb-2025-jefferson-ai-disclaimer"],"claimId":["am-u06-frb-2025-jefferson-ai","am-u06-frb-2025-jefferson-ai","am-u06-frb-2025-jefferson-ai"],"sourceId":["source-am-frb-2025-jefferson-ai","source-am-frb-2025-jefferson-ai","source-am-frb-2025-jefferson-ai"],"sourceRole":["primary"],"support":["supports","context","context"],"verification":["machine_checked","machine_checked","machine_checked"],"retrievalRoute":["direct","direct","direct"]},"held":{"sourceRole":[0]}}}}