Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.
U.S. productivity rose 2.7% during the second quarter compared with the same period last year but has otherwise gained on average about 1.5% annually since early this century, Cook said, citing Labor Department data.
“The question is, are we seeing rising productivity, which will be sustained over a period of time?” Fed Chair Jerome Powell said Monday during a […]
Fed's Cook says 'impressive' AI innovation has yet to lift productivity | CFO Dive