AI is going to be something that changes economy - San Francisco Fed's Mary Daly

What happened

San Francisco Federal Reserve President Mary Daly said artificial intelligence will change the economy and be bigger than anything seen before, speaking at the San Francisco Fed's 2026 Economic Research Symposium on AI and the Economy.

Confirmed

Global impact / market context

If a central bank leader expects AI to reshape growth and jobs, investors may expect policy thinking to shift toward how technology affects inflation and employment. That could influence interest rate expectations, borrowing costs for companies, and capital spending plans.

Analyst inference

Daly ties AI to the Fed's mandate of stable prices and full employment. Her call for evidence and a new Technology and Growth Center suggests research, not immediate policy change. AI-focused funds listed in context show investor interest in the theme.

Analyst inference

What to watch

1. Daly's remarks were introductory at the 2026 Economic Research Symposium on AI and the Economy, so they set a research agenda rather than a policy decision. Confirmed
2. Watch for details on the new Technology and Growth Center, which Daly said the Fed is moving toward, to see what evidence it produces on growth, productivity, and jobs. Proposed
3. Track official comments linking AI to inflation and employment, because clearer evidence could change expectations for interest rates, borrowing costs, and company investment plans. Analyst inference

Evidence

• seekingalpha.com