Federal Reserve Governor Lisa Cook on AI: Productivity, Investment, and What It Means for the Economy
What happens when a general-purpose technology like artificial intelligence runs headlong into the machinery of monetary policy? Federal Reserve Governor Lisa D. Cook’s recent remarks offer a rare, front-row view. In opening comments on February 20, 2025, Cook laid out a balanced, data-aware case: AI is already triggering record-breaking capital expenditures in data centers and…