Amy Morris

Cook noted that it may take five to ten years for the impact of AI to appear in the economy-wide productivity statistics, and the Fed is already incorporating AI into its forecasts.

inflationary pressure fed governor lisa cook spoke at an event in washington fed governor christopher waller speaking at a separate event said that report overstated the potential impact on employment he says the central bank is moving toward a system-wide deployment of artificial intelligence 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 help cool inflation.

Goolsbee says inflation progress will not 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.

Conference board chief economist Dana Peterson tells Bloomberg it's a modest gain.

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

Rally and tech firms spurred a rebound in stocks.

We check those markets for you all day long at Bloomberg.

The S&P 500 up 0.5%.

NASDAQ up 0.9%.

The Dow up 0.6%.

The 10-year Treasury yield at 4.03%.

The 2-year yield at 3.45%.

Checking Bitcoin, it is down a little less than 1%, around $64,000.

Novo Nordisk plans to slash the U.S.

list prices for its medicines Wegovi and Ozempic next year.