More from Feds Williams: We have a solid US economy.
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More from NY Fed Pres. Williams: We have a solid US economy Characterizes the labor market as doing well says that AI will have lasting impact on productivity Calls US dynamism as a reason behind the rising productivity Some of the US productivity rise predates the rise of AI. Hi
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4 itemsMore from Fed's Collins:Strong productivity gains should help lessen inflationary pressure
The desk interprets the recent comments from Fed's Collins as a signal of improving productivity and a less aggressive inflation outlook, which may support a soft-landing scenario for the economy. Per the full note [source], Collins emphasized that productivity gains are not solely AI-driven, indicating a broader improvement in supply-side conditions. This perspective aligns with our view that inflationary pressures may ease, allowing for sustained economic growth without the need for drastic policy measures. Current consensus targets from major firms suggest a range that reflects this cautious optimism, with upcoming economic indicators likely to influence market sentiment.
Fed's Daly says she doesn't see mass unemployment or displacement from AI
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