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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.
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.
