Few developments have received the attention that artificial intelligence (AI) has received in recent years. Much of that attention has been focused on concerns about job losses, invasions of privacy, and the dangers of self-driving cars, trucks, and buses. Although often forgotten, AI has been around for some time. Computers have been performing highly complex … Continue reading AI, Growth, and Implications for Fed Policy
Momentum
A short while ago, the thinking inside and outside the Fed was that the economy was slowing, the labor market was cooling, and underlying inflation was on a clear downward path to the 2 percent target. Concern had been growing that the pendulum might be swinging too far in the direction of labor market cooling … Continue reading Momentum
Thomas D. Simpson, PH.D. 