Two Fed officials don't see major upheavel from artificial intelligence
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Federal Reserve Bank of Richmond President Thomas Barkin attends a conversation with the Economic Club of Washington DC in Washington, D.C., U.S., April 9, 2025. REUTERS/Kevin Mohatt
Feb 24 (Reuters) - Two Federal Reserve officials on Tuesday said they do not expect artificial intelligence technology to drive a massive upheaval in the economy.
“I am, I would say a cautious optimist in this space,” Federal Reserve Bank of Boston President Susan Collins said at a conference held by her bank. She said workers so far appear to be enhanced by AI rather than displaced, in a view echoed by Richmond Fed President Thomas Barkin, who spoke on the same panel.
(Reporting by Michael S. Derby, Editing by Franklin Paul)
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