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San Francisco Federal President on AI and Price Reduction

San Francisco Federal President on AI and Price Reduction

The President of the Federal Reserve Bank of San Francisco, Mary Daly, stated that artificial intelligence currently has little impact on inflation rates. She predicted that over time, it will evolve into a force that drives down prices and reduces costs over the next 5 to 10 years. She explained that the current inflation wave is caused by economic and geopolitical factors such as rising tariffs, energy prices, and food costs.

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