The U.S. Federal Reserve, in partnership with the Federal Reserve Bank of San Francisco, plans to hold an AI hearing in the San Francisco Bay Area on November 16, 2026. This hearing is part of a coordinated effort by Fed governors, who have multiplied their interventions on AI since 2025, focusing on productivity, inflation, and the labor market. Mary Daly, president of the San Francisco Fed, warned that AI-driven demand could extend supply shocks affecting critical resources like chips and energy beyond the typical one-to-three-year window, complicating the standard framework used by policymakers who typically treat such shocks as temporary. The San Francisco Fed already houses the EmergingTech Economic Research Network (EERN), dedicated to studying the economic impact of emerging technologies.
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