Fed's Daly (2027 Voter) says have had productivity growth, outside of historic norms, possibly due to cost savings from AI, but not heard from businesses that they are seeing transformative productivity gains yet, via Bloomberg TV

AI:

• Asked about AI being a bubble, says just because have similarities to the 90s, doesn't mean it will be the 90s.

Monetary Policy:

• Do not know how the economy will play out.
• Policy is in a good place, and prepared to respond either way.
• Forward guidance is not good at this juncture.

Labour Market:

• Hard to say the labour market has firmed.
• Labour market is resilient and have stabilised.

Inflation:

• Most worrying today is getting inflation back to target, and is number one priority.