Cook, An Update on AI and the Economy
Why this matters
This is an informational speech (urgency: null) by Federal Reserve Governor Lisa D. Cook delivered at Oakland Tech Week on September 28, 2026. The content addresses AI's effects on inflation, labor markets, and firm productivity, with explicit discussion of the Fed's supervisory role encouraging responsible AI use in the financial sector. While not a binding rule or final guidance, it signals the Fed's policy thinking on AI-related risks (financial stability, inflation transmission, labor market disruption) and supervisory expectations. The speech is relevant to banking organizations and broadly to the economy, supporting a significance score of 3 (noteworthy guidance/policy statement with concrete regulatory signals). Sectors tagged: Banking & Credit (supervisory context), Capital Markets & Trading (wealth effects, equity prices), and General (cross-cutting macroeconomic themes). Topics: Technology & Cyber (AI adoption and risks), Prudential / Capital Requirements (financial stability concerns), and Operational Resilience / Outsourcing (AI implementation in banking operations).
AI-generated classification rationale, not a full analysis. Verify with the original Federal Reserve source before acting. Full disclaimer.
What the Federal Reserve said
Speech At the Oakland Tech Week Opening Keynote, cohosted by the Kapor Center, Oakland, California
Published by Federal Reserve . Read the full notice at the source for the authoritative text.
Context
Board of Governors of the Federal Reserve System (Federal Reserve) — The US central bank and supervisor of bank holding companies and state member banks. We track 92 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Technology & Cyber, Prudential / Capital Requirements, Operational Resilience / Outsourcing and Banking & Credit.