Yonhap Infomax News5d ago
San Francisco Fed President Mary Daly signals steady policy stance, emphasizing balanced approach to inflation control while warning against economic damage from excessive tightening, expressing optimism on AI-driven productivity growth despite regulatory hurdles
#YonhapInfomax #MaryDaly #MonetaryPolicy #FederalReserve #ProductivityGrowth #ArtificialIntelligence #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=123086
Yonhap Infomax NewsMay 19
Evercore ISI forecasts 30% probability of S&P 500 reaching 9,000 by year-end, citing technology-led bull market and AI productivity gains, while warning of increased volatility from geopolitical conflicts and structural market shifts reminiscent of 1920s and 1990s boom periods.
#YonhapInfomax #EvercoreISI #SP500 #ArtificialIntelligence #ProductivityGrowth #MarketVolatility #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=121296
Evercore ISI Sees 30% Chance of S&P 500 Reaching 9,000 by Year-End

Evercore ISI forecasts 30% probability of S&P 500 reaching 9,000 by year-end, citing technology-led bull market and AI productivity gains, while warning of increased volatility from geopolitical conflicts and structural market shifts reminiscent of 1920s and 1990s boom periods.

Yonhap Infomax
Don Curren πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡¦May 7
β€œAs with past #innovations, a key question is how the gains from #productivitygrowth will be distributed. Historically, #technologicaladvances have disrupted #labormarkets and often widened gaps in #earnings and #employment between individuals …” www.project-syndicate.org/commentary/a...

Will AI Democratize Skills?
Will AI Democratize Skills?

MarΓ­a Lombardi shows how the technology can reduce inequality between workers of different educational levels.

Project Syndicate
Don Curren πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡¦May 6
β€œFWIW, virtually no major forecaster or forecasting agency is projecting anything like this #productivity #boom. For example, the #CongressionalBudgetOffice (CBO) projects that #productivitygrowth will average 1.5% over the next decade.” open.substack.com/pub/deanbake...

AI Productivity Boom and Short...
AI Productivity Boom and Shorter Workweeks

The idea AI leads to mass unemployment is almost certainly nonsense, and the concern over what to do even more so

Dean Baker
Dennis Alexis Valin DittrichApr 29

AI Productivity Growth Won’t Match the Computer Revolution
https://prosyn.org/sgr9TWK?referral=304d11
#AI #productivityGrowth will likely underwhelm compared to the computer revolution of the late 1990s. AI’s impact on #productivity is being hampered by a "verification tax," where the time saved in generation is often lost to the intensive human oversight required to catch plausible-sounding errors. Unlike previous digital tools that simply retrieved or processed data, AI produces cognitive work that shifts the human role from doing to supervising, creating a bottleneck in human verification bandwidth.

While novices may see gains, experienced professionals can actually be slowed down by the need to audit and correct "confidently wrong" AI outputs. An over-reliance on these tools risks eroding the junior-level expertise necessary to verify machine work in the future. Ultimately, broad productivity gains will depend less on faster models and more on "verification infrastructure".
#economicgrowth #digitalRevolution

AI Productivity Growth Won’t Match the Computer Revolution

Carl Benedikt Frey points out that the technology tends to shift the burden of work, rather than eliminating it.

Project Syndicate
NewsletterTFFeb 25

AI Productivity Gains: A Catalyst for Interest Rate Cuts?

Will AI productivity boost the economy enough for lower interest rates by 2025? A former Fed pick thinks so, but others are unsure.

#AIEconomics, #InterestRates, #ProductivityGrowth, #FederalReserve, #EconomicPolicy

https://newsletter.tf/ai-productivity-gains-lower-interest-rates-2025/

NewsletterTFFeb 25

Experts believe AI could increase productivity by 25% by 2025, potentially leading to lower interest rates. This is a big change from current trends.

#AIEconomics, #InterestRates, #ProductivityGrowth, #FederalReserve, #EconomicPolicy

https://newsletter.tf/ai-productivity-gains-lower-interest-rates-2025/

AI Productivity Gains Could Lead to Lower Interest Rates in 2025, Says Trump Fed Pick

Will AI productivity boost the economy enough for lower interest rates by 2025? A former Fed pick thinks so, but others are unsure.

Yonhap Infomax NewsFeb 25
Federal Reserve officials are voicing skepticism over AI-driven productivity gains, signaling that interest rate cuts may not be imminent despite pressure from the Trump administration, as debates intensify over AI’s true economic impact and the appropriate monetary policy response.
#YonhapInfomax
#FederalReserve #ArtificialIntelligence #InterestRates #ProductivityGrowth #TrumpAdministration
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106710
Fed Officials Push Back on AI Optimismβ€”Will the Fed Resist Trump’s Rate Cut Pressure?

Federal Reserve officials are voicing skepticism over AI-driven productivity gains, signaling that interest rate cuts may not be imminent despite pressure from the Trump administration, as debates intensify over AI’s true economic impact and the appropriate monetary policy response.

Yonhap Infomax
Don Curren πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡¦Feb 19
β€œThis decoupling β€” maintaining high #output with significantly lower #labour input β€” is the hallmark of #productivitygrowth. My own updated analysis suggests a #US #productivity increase of roughly 2.7 per cent for 2025” open.substack.com/pub/adamtooz...

Top Links 1018 The geography o...
Top Links 1018 The geography of US inflation. Crushing Cuba. A third industrial divide. Cornel West on Hegel.

Great links, images, and reading from Chartbook Newsletter by Adam Tooze

Chartbook
Yonhap Infomax NewsFeb 6
Fed Vice Chair Philip Jefferson highlighted that strong productivity growth could help bring US inflation back to the 2% target, supporting output and real wage gains without adding inflationary pressure.
#YonhapInfomax #FederalReserve #PhilipJefferson #ProductivityGrowth #Inflation #NeutralInterestRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104379
Fed Vice Chair Jefferson Says Strong Productivity Gains Could Help Lower Inflation

Fed Vice Chair Philip Jefferson highlighted that strong productivity growth could help bring US inflation back to the 2% target, supporting output and real wage gains without adding inflationary pressure.

Yonhap Infomax