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Federal Reserve Board Governor Barr said in a speech at Yale University that the rapid spread of artificial intelligence could exacerbate inequality in the short term, and cautioned policymakers to guard against shocks to the labor market.
San Francisco Fed President Daly said that AI will affect the long-term economic outlook and is closely related to the Federal Reserve's formulation of monetary policy in the medium and short term. She said the Fed needs to assess the impact of technological advances on growth, productivity, and the labor market.
BlockBeats reported that U.S. initial jobless claims for the week ending October 17 totaled 194000, down 6000 people from the previous week and near the low reached in 1969 years.
X account @mattyryze posted: “in all of recorded history there is not one single clear, well-established example of a major technological revolution causing a sustained absolute decline in total human employment. not a one. AI will be no different.”
