Amy Morris

Meta shares at this hour are little changed.

Shares of advanced micro devices are more than 9% higher.

Fed Governor Lisa Cook warned the U.S.

central bank may not be able to counter rising unemployment driven by adoption of artificial intelligence.

Cook noted that it may take 5 to 10 years for the impact of AI to appear in economy-wide productivity statistics, and the Fed is already incorporating AI into

into its own forecast.

inflationary pressure fed governor lisa cook spoke at an event in washington fed governor christopher waller spoke at a separate event and said the report overstated the potential impact on employment he says the central bank is moving toward a system-wide deployment of ai across regional banks and its dc headquarters in my lifetime i have never seen a technological revolution quite like this

Waller spoke at a conference organized by the Boston Fed.

Chicago Fed President Austin Goolsbee says the Supreme Court's decision to strike down many of President Trump's global tariffs may cause more uncertainty for businesses, but could also help cool inflation.

Goolsbee says inflation progress won't be determined by the number of months over which prices cool.

Consumer confidence ticked up in February on more upbeat prospects for the economy, incomes and job market.

The conference board's gauge rose to 91.2.

That beat expectations.

The conference board chief economist, Dana Peterson, tells Bloomberg the data was gathered before the Supreme Court struck down most of President Trump's sweeping global tariffs.

The rise in confidence comes as recent data indicate the labor market is showing some signs of stabilization and inflation has been relatively tame.

A rally in tech firms spurred a rebound in stocks.

We check markets for you all day long here at Bloomberg, the S&P 500.

up 0.8%.

NASDAQ up about 1%.

The Dow up a little less than 1%.