Federal Reserve officials express cautious optimism regarding the economic impact of artificial intelligence
Fed officials Susan Collins and Thomas Barkin expressed cautious optimism about AI today. They believe the tech enhances workers rather than displacing them.
Two senior Federal Reserve presidents, Susan Collins of the Federal Reserve Bank of Boston and Thomas Barkin of the Federal Reserve Bank of Richmond, stated on Tuesday that they do not anticipate artificial intelligence (AI) will trigger a massive upheaval in the US 
US economy. Speaking at a conference on February 24, 2026, the officials provided a timely assessment of the emerging technology, suggesting that its impact on the labor market has thus far been more supportive than destructive.
US economy. Speaking at a conference on February 24, 2026, the officials provided a timely assessment of the emerging technology, suggesting that its impact on the labor market has thus far been more supportive than destructive.