Key insight: Fed Gov. Cook said artificial intelligence may already be influencing employment trends, pointing to lower demand for computer engineers as one potential sign of change. Expert quote: “It is very difficult to measure labor productivity and total factor productivity. So we should be patient and we should be nimble in thinking about the […]
Cook: AI’s labor impact may take years to measure Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Federal Reserve Board Vice Chairman for Supervision Michelle Bowman gave a very significant statement about banks and the Basel III risk weights for residential loans and mortgage servicing rights to the American Banker
Basel proposal helps banks, but changes little Read More »
Home prices increased nationwide on a seasonally adjusted basis, a pair of widely followed metrics agree, although they vary on the size of the increase. Processing Content The Federal Housing Finance Agency House Price Index hit another high in December at 440.36, up from 439.72 in November, a change of 0.1. Price rose 0.8% on
Home prices are up… depending on where you look Read More »