Fed Vice Chair Jefferson: AI's Economic Impact May Have Lasting Effect on Supply and Demand

Federal Reserve Vice Chair Thomas Jefferson said today that artificial intelligence's economic impact could have lasting effects on supply and demand dynamics. Jefferson noted the policy stance is prepared to reconsider course if necessary, emphasizing the Fed remains committed to restoring inflation to its 2% target while supporting employment. The central bank is closely monitoring major economic developments including Middle East tensions and AI proliferation.
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