On October 8, policymakers were presented with a scenario: if the advancement of AI technology could trigger a surge in productivity, it might ease short-term inflationary pressures. Nevertheless, the minutes from the Federal Reserve's September meeting highlighted that the swift integration of AI could introduce novel risks, notably in cybersecurity. Under certain circumstances, these risks could hinder productivity and postpone the attainment of associated advantages. This month, multiple policymakers, including Federal Reserve Governors Barr and Cook, have underscored the ambiguity surrounding the timeline for realizing productivity enhancements linked to AI.
