According to BlockBeats, on September 27, Federal Reserve Governor Cook said in a speech at Ohio State University that he wholeheartedly supported the Fed's move to cut interest rates by 50 basis points last week, citing a slowing labor market and easing inflation.
Cook noted that the decision reflects the Fed's confidence in maintaining a solid labor market amid moderate economic growth and falling inflation.
Her speech also focused on artificial intelligence and what it means for American workers, arguing that AI could provide a huge and sustained boost to labor productivity, and while it might eliminate some jobs, it would also create new ones.