Two Fed officials don't see major upheavel from artificial intelligence

Federal Reserve Bank of Richmond President Thomas Barkin attends a conversation with the Economic Club of Washington DC in Washington, D.C., U.S., April 9, 2025. REUTERS/Kevin Mohatt

Feb 24 (Reuters) - ⁠Two Federal Reserve ⁠officials on Tuesday ‌said they do not expect artificial intelligence technology to ​drive a massive ⁠upheaval in ⁠the economy.

“I am, I would ⁠say ‌a cautious optimist in ⁠this space,” Federal Reserve Bank ​of ‌Boston President Susan Collins ⁠said ​at a conference held by her ⁠bank. She said workers ​so far appear to be enhanced by AI ⁠rather than displaced, in a view echoed by Richmond Fed ​President Thomas ⁠Barkin, who spoke on ​the same ‌panel.

(Reporting by Michael ​S. Derby, Editing by Franklin Paul)