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New York Fed’s Williams Says AI Could Fuel a Productivity Boom Resembling 1996-2005

AI-driven growth may boost U.S. productivity in a way resembling the 1996-2005 period, while other growth reflects stronger business formation.

By Sonny Jang
Published
Sunlit stone facade with pedestrians outside a downtown financial building / TokenPost.ai
Sunlit stone facade with pedestrians outside a downtown financial building / TokenPost.ai

New York Fed President Williams said AI-driven growth may boost U.S. productivity in a way resembling the 1996-2005 period, while the duration of the expected boom remains uncertain.

Other growth reflects stronger business formation.

Williams said productivity is expected to enter a boom, but the key question is how long it will last.

Sonny Jang

Reporter

Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.

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