AI, which FED Governor Barr sees as a transformative general‑purpose technology, is likely to boost long‑run productivity but brings significant near‑term risks for workers, inequality, and inflation, so he argues monetary policy should remain cautious while society manages potential labor dislocation. (

AI, which FED Governor Barr sees as a transformative general‑purpose technology, is likely to boost long‑run productivity but brings significant near‑term risks for workers, inequality, and inflation, so he argues monetary policy should remain cautious while society manages potential labor dislocation. (
federalreserve.gov
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