Federal Reserve official Lorie Logan said inflation still faces upside risks, the labor market remains stable, growth is solid, and artificial intelligence provides an additional boost.
Dallas Federal Reserve President Lorie Logan said that inflation still faces upside risks, while the labor market remains stable and economic growth is solid. She added that artificial intelligence is providing an additional lift to the economy. Logan, a voting member of the FOMC this year, noted that while the jobs market and growth are steady, caution on inflation is warranted. The expanding role of AI is seen as a positive structural element for productivity.
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