Mary Daly

How would I know it's right before I execute on this smart contract?

And so you can do these things in an evening.

And then it's just about being able to do that.

So I think that's the message for workers.

And I would have taught my young self this same thing, is if you put off technology because you're afraid of it, then you won't be in the first place.

of trying to use the technology to further your own abilities.

Well, you know, we don't right now use AI in our monetary policy work.

But we do use it in research.

As researchers, if you go to any academic institution, you're going to see researchers using AI to see what they can do better on coding and other things, but also data analytics.

What do you see?

The place we are there is AI doesn't give you answers

to problems.

It helps you get to the discovery perspective.

So if I use AI as a researcher to look at a bunch of data, I still have to test my hypothesis.

I have to go in with a hypothesis.

What am I trying to answer?

So that's the human person.

And so that's why it's not particularly well tooled right now to replace our forecasters and our thinkers, our scholars who think about this.

You're still going to get estimates that are between 11 and negative 3 on the neutral rate of interest.

I'm not kidding.