Powell Says A Range Of View About How Ai Impacts The Economy And Whether It Adds To Or Displaces Jobs
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell discussed the varying perspectives on how artificial intelligence (AI) affects the economy, particularly in terms of job creation and displacement.
December 01, 2023 | 4:55 pm
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NEUTRAL IMPACT
Powell's comments on AI's economic impact may influence investor sentiment and market stability, potentially affecting the SPDR S&P 500 ETF Trust (SPY).
Jerome Powell's statements on AI and the economy do not provide a clear direction on policy changes or economic outcomes. While such discussions can influence investor sentiment, the lack of specific policy implications suggests a neutral short-term impact on SPY.
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