economy

Fed Governor Cook Addresses AI's Economic Impact in Oakland

Summarized from FRB: Speeches

Federal Reserve Governor Lisa Cook delivered remarks on artificial intelligence and the economy at Oakland Tech Week, co-hosted by the Kapor Center.

Fed Governor Cook Addresses AI's Economic Impact in Oakland

Federal Reserve Governor Lisa Cook offered an assessment of artificial intelligence's evolving role in the U.S. economy during a keynote address at Oakland Tech Week, an event co-hosted by the Kapor Center in Oakland, California.

The appearance placed a senior Federal Reserve policymaker at the intersection of monetary policy and emerging technology, reflecting growing institutional interest in understanding how AI-driven productivity shifts may influence inflation, labor markets, and broader economic growth trajectories.

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Oakland Tech Week serves as a regional platform spotlighting technology innovation, entrepreneurship, and economic equity, with the Kapor Center's co-hosting role underscoring themes of inclusive access to the technology sector. Cook's participation signals the Fed's engagement with tech-community stakeholders beyond traditional financial circles.

The Federal Reserve has increasingly trained attention on AI as a structural economic force, weighing whether accelerating automation and productivity gains could alter the central bank's outlook on potential output and long-run interest rates. Policymakers have noted that the macroeconomic consequences of AI adoption remain uncertain and difficult to model with existing frameworks.

Full remarks and additional detail are available directly from the Federal Reserve Board. Continue reading at FRB: Speeches.

Frequently Asked Questions

Q.Who is Lisa Cook and what is her role at the Federal Reserve?

Lisa Cook is a Governor of the Federal Reserve Board, one of the senior policymakers who help set U.S. monetary policy.

Q.Where did Governor Cook deliver her remarks on AI and the economy?

Cook delivered her keynote address at Oakland Tech Week, an event co-hosted by the Kapor Center in Oakland, California.

Q.Why is the Federal Reserve paying attention to artificial intelligence?

The Federal Reserve is examining AI as a structural economic force that could affect productivity, labor markets, inflation, and long-run interest rates, though policymakers have noted the macroeconomic consequences remain uncertain.

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