{"id":190284,"date":"2026-02-24T14:11:00","date_gmt":"2026-02-24T19:11:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/24\/feds-cook-says-ai-boom-may-call-for-broader-policy-toolkit\/"},"modified":"2026-02-24T14:25:09","modified_gmt":"2026-02-24T19:25:09","slug":"feds-cook-says-ai-boom-may-call-for-broader-policy-toolkit","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/24\/feds-cook-says-ai-boom-may-call-for-broader-policy-toolkit\/","title":{"rendered":"Fed\u2019s Cook Says AI Boom May Call for Broader Policy Toolkit"},"content":{"rendered":"<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/feds-cook-says-ai-productivity-boom-may-call-for-broader-policy-toolkit\/\">Fed\u2019s Cook Says AI Boom May Call for Broader Policy Toolkit<\/a><\/p>\n<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/feds-cook-says-ai-productivity-boom-may-call-for-broader-policy-toolkit\/\">https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/feds-cook-says-ai-productivity-boom-may-call-for-broader-policy-toolkit\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-02-24 14:11:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.pymnts.com\">www.pymnts.com<\/a><\/p>\n<ul>\n<li>Federal Reserve Governor Lisa Cook discussed how artificial intelligence (AI) could fundamentally reshape the U.S. economy and challenge the central bank\u2019s traditional monetary tools during a speech at the National Association for Business Economics conference.<\/li>\n<li>Cook highlighted the potential \u201ccreative destruction\u201d period due to AI where innovation is boosted but could initially lead to higher unemployment as it displaces workers before new opportunities develop.<\/li>\n<li>She emphasized that conventional interest-rate adjustments might not adequately address the structural labor market disruptions arising from AI, suggesting other tools like workforce training and education could be more effective.<\/li>\n<li>The transition brought by AI could cause inflation if traditional demand-side policies attempt to counteract the structural changes instead of the usual economic slack.<\/li>\n<li>Cook\u2019s comments align with the ongoing debate within the Federal Reserve regarding the intersection of technological change, job markets, and the effectiveness of traditional monetary policy in addressing these changes.<\/li>\n<li>There is concern among some Federal Open Market Committee members that AI\u2019s impact may be more benign than Cook\u2019s warning suggests, reflecting broader uncertainty about emerging technologies\u2019 influence on labor markets and inflation.<\/li>\n<li>Cook\u2019s perspective points to the need for the Fed to reevaluate its tools in response to the long-term growth and structural shifts generated by AI, moving beyond mere rate adjustment, and considering the evolving economic landscape.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed\u2019s Cook Says AI Boom May Call for Broader Policy Toolkit https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/feds-cook-says-ai-productivity-boom-may-call-for-broader-policy-toolkit\/ Publish Date: 2026-02-24&#8230;<\/p>\n","protected":false},"author":1,"featured_media":190285,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2024\/06\/federal-reserrve.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-190284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/190284"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=190284"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/190284\/revisions"}],"predecessor-version":[{"id":190286,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/190284\/revisions\/190286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/190285"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=190284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=190284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=190284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}