Fed's Daly: The Fed needs to conduct in-depth research on the impact of artificial intelligence in order to make the right interest rate decisions.

San Francisco Federal Reserve President Daly said on Tuesday that the Federal Reserve must carefully analyze data to determine whether artificial intelligence is driving productivity growth, allowing the economy to grow faster without causing inflation or requiring the Fed to tighten policy to "put the brakes on" the economy. Daly pointed out, "Most macro productivity studies to date have found limited evidence of significant impact of artificial intelligence." This may be because the improvements brought by partial investments by companies in various industries have yet to be fully realized. She added, "It may also be that we have not yet reached a tipping point," and that comprehensive economic transformation may take longer to materialize.