Amy Morris

It's a blockbuster deal.

It marks a win for the chipmaker's attempts to catch up with NVIDIA.

Bloomberg's Ed Ludlow.

Meta shares are little changed.

AMD shares 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 the adoption of AI.

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 its forecasts.

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 artificial intelligence across regional banks and its D.C.

headquarters.

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

Dana Peterson with the Conference Board says that information was gathered before the Supreme Court struck down most of President Trump's tariffs.