The CEO of the San Francisco Federal Reserve bank gave an upbeat view on artificial intelligence’s impact on jobs, noting that while businesses are still figuring out how to get the most out of the technology, she saw early indications that AI is helping workers more than harming them.
Mary Daly, who oversees a Federal Reserve bank region that includes Silicon Valley among its nine Western states, weighed in on the state of the labor market on Monday at the Fortune Brainstorm Tech conference, but declined to give a hint on when the next rate cut may come.
