Fed Governor Cook Addresses AI's Economic Impact at Oakland Tech Week
Federal Reserve Governor Lisa Cook spoke on artificial intelligence and its economic implications at Oakland Tech Week, co-hosted by the Kapor Center.
Federal Reserve Governor Lisa Cook delivered the opening keynote address at Oakland Tech Week, an event co-hosted by the Kapor Center in Oakland, California, offering the central bank's latest thinking on how artificial intelligence is reshaping the broader economy.
Cook's remarks represent a notable instance of a senior Fed policymaker engaging directly with the technology community on questions that increasingly intersect with the central bank's dual mandate of price stability and maximum employment. AI's potential to drive productivity gains, alter labor markets, and influence inflation dynamics has drawn growing attention from economists and policymakers alike.
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The choice of Oakland as a venue carries symbolic weight. The Kapor Center is known for its focus on diversity and inclusion in technology, and the event itself signals an effort to broaden the conversation around AI's economic consequences beyond traditional finance and policy circles to include communities that have historically been on the margins of the tech economy.
While the full text of Governor Cook's remarks was not detailed in the published notice, speeches by Fed governors on topics such as AI and economic transformation typically address near-term productivity effects, workforce displacement risks, and longer-run implications for potential output — all variables the Federal Open Market Committee monitors when setting monetary policy.
Observers will be watching for any signals Cook may have offered about how the Fed incorporates AI-related uncertainty into its economic modeling and forward guidance. Continue reading at FRB: Speeches.
