Federal Reserve Bank of San Francisco President Mary Daly highlighted the risks of persistent inflation and an economic downturn but stated there is no imminent risk of the economy faltering. Daly also emphasized that AI could enhance labor outcomes and reduce inequality. However, a tweet from zerohedge humorously suggested that AI could achieve this by firing everyone equitably.
Fed's Daly: AI could "improve labor outcomes" and reduce inequality. Where is John Connor? They got her... $NVDA $AMD $GOOG $MSFT $META $TSLA https://t.co/gs4Xd8XD21
*FED'S DALY: AI COULD IMPROVE LABOR OUTCOMES, REDUCE INEQUALITY by getting everyone equitably fired
FED'S DALY: AI COULD IMPROVE LABOR OUTCOMES AND REDUCE INEQUALITY.
🔴 FED'S DALY: AI COULD IMPROVE LABOR OUTCOMES AND REDUCE INEQUALITY.
🔴 FED'S DALY: THERE IS NO IMMINENT RISK OF THE ECONOMY FALTERING.
🔴 FED'S DALY: RISKS OF PERSISTENT INFLATION AND ECONOMIC DOWNTURN ARE EVEN.