Governor Lisa D. Cook of the Federal Reserve spoke at Stanford University on May 27, 2026, outlining how artificial intelligence (AI) can shape the U.S. economy and financial system. She noted that inflation remains above the Fed’s 2 percent target, partly driven by recent gasoline price spikes, and that AI‑related investment could add pressure to prices. Cook highlighted that the labor market is stable but faces potential disruptions as AI reorganizes work, with possible short‑term job losses before new roles emerge. She emphasized the Fed’s commitment to hold rates steady for now while monitoring inflation and labor risks. Cook also described the Fed’s experimentation with AI tools to improve financial‑stability monitoring and called for strong governance to manage AI’s benefits and risks.
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