Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Mary Daly

๐Ÿ‘ค Speaker
571 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

And so those two things went together because ultimately we had this conversation in the roundtable and one of the participants made a great point.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

It's true.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

This is how economics works is if an employee using AI gets much more productive, you hire more of them, not fewer of them.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

So the economy grows faster.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

The product development goes faster.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

goes faster and demand gets stronger.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

Well, I think we have to separate what we're talking about into now, next, later.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

So let's think about now.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

Right now, we have more demand than we have supply for energy, for electricity, right?

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

If you talk to, we regularly have CEO roundtables with the big power companies across the 12th District.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

You can look throughout the nation.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

Demand for power is higher than the supply of power.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

And there's a lot of reasons why supply is falling behind.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

One is demand's just gone up rapidly.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

But another part is that they've got an aging infrastructure.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

They have to get

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

those things built out.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

It's a highly regulated industry, so the infrastructure doesn't just come on like a light switch.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

Then you have, there were supply chain issues that made it hard to get the transformers and other things.

Bloomberg Talks
San Francisco Fed President Mary Daly Talks AI, Economy

So all of this just adds to the imbalance of demand versus supply.