Minutes from a Federal Reserve meeting show that some participants said advances in artificial intelligence could, over the medium term, cause aggregate demand to exceed supply and put upward pressure on inflation. The input only identifies the source as ChainCatcher and does not provide additional details on which meeting the minutes referred to, which participants made the remarks, or whether the discussion was tied to any specific policy action. The report is limited to the statement contained in the meeting minutes.
According to ChainCatcher, minutes from a Federal Reserve meeting show that some participants said the development of artificial intelligence could, over the medium term, lead aggregate demand to exceed supply, putting upward pressure on inflation.
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