Fed's Daly optimistic on AI-driven productivity, calls for regulatory fixes

May 29 (Reuters) - San Francisco Federal Reserve President Mary Daly said Friday she is bullish that AI will drive faster productivity growth, though legal and regulatory barriers are currently getting in the way.

"I think the barriers to getting the real, continued, sustained productivity growth are regulatory, legal....getting some of those barriers fixed within industries will help us move forward," Daly said at the Reagan National Economic Forum. "I do see productivity growth as an important way in which growth can expand; when companies grow, they tend to hire more workers, not fewer."


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