Fed’s Daly Says AI Holds Potential to ‘Level’ Playing Field

Federal Reserve Bank of San Francisco President <-bsp-person state="{"_id":"00000190-3a12-d497-a7fb-fe1f628c0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Mary Daly said artificial intelligence may create opportunities in the labor market.

• AI can be a great leveler for workers who can offload some tasks, she said at Syracuse University panel event Thursday night
• No advanced technology has yet caused net unemployment, Daly says
• Regulatory framework is “definitely” the “missing piece to a fast-moving technology” she said, noting that it isn’t the role of the central bank to make such rules
• Daly did not speak about monetary policy

To contact the reporter on this story:
<-bsp-person state="{"_id":"00000190-3a12-d497-a7fb-fe1f62900000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Katia Dmitrieva in Hong Kong at edmitrieva1@bloomberg.net

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