About this episode
Richard Clarida discusses the impact of AI on the economy and markets.
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Bloomberg's Romaine Bostick & Katie Greifeld on "The Close." See omnystudio.com/listener for privacy information.
People in this episode
Hosts: Romaine Bostick, Katie Greifeld
Guest: Richard Clarida
Topics covered
- artificial intelligence
- US economy
- disinflation
- productivity
- wage compression
- financing risks
Keywords
- AI
- economy
- markets
- disinflation
- productivity
- wage compression
- financing risks
Mentioned in this episode
Organizations: PIMCO, Federal Reserve Board of Governors
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