Mary Daly, president of the San Francisco Federal Reserve Bank, says artificial intelligence demand may continue growing at a slower pace without collapsing. In an interview with CNBC on November 6, 2026, she described the repricing of that demand as painful but orderly. She said price pressures on chips and technology may prove more persistent than they appeared to be in her October 6 interview, while employment data leave room for further monetary tightening. However, she does not yet view artificial intelligence as an urgent inflationary threat and believes it could produce deflationary effects over a five- to ten-year horizon. She was scheduled to speak on November 12, 2026, at Stanford’s policy forum on the economic-policy implications of artificial intelligence.
Source: Read the original article
