Fed's Barr (voter) says in the long run, AI is likely to add to productivity; AI must be used to promote access to credit
Importance
Level 1
- Have to take shocks as a given and use the tolls that are at hand.
- Goals are in tension but Fed will get the job done.
- Economy running at two speeds, with "a lot of capacity" for people at the upper end, but others having a harder time.