LO
ConstraintCognitive automation2025-07-17
The US monetary policy committee is not using AI to develop or set policy, only to aid staff in writing, coding and research, Federal Reserve Governor Lisa Cook said
Economistoccupation page →
Event date / reported
2025-07-17
Evidence stage
ConstraintFailure, rollback, regulation or cost is suppressing adoption. Can lower an assessment or widen its uncertainty.
Tasks this bears on
Data work and modelling
Building datasets, writing code, estimating models and checking that results hold up.
Being augmented✓ Evidence-backed
Policy analysis and advice
Turning analysis into judgements for decision-makers: briefings, scenarios and recommendations they will act on.
Still human-led✓ Evidence-backed
Where this applies
United States. The governor says the Federal Open Market Committee is not using AI in developing or setting policy but rather to aid staff in other tasks such as writing, coding and research, and that research at the Fed is proceeding deliberately and cautiously because many AI tools are not yet ready to be put into production. A policymaker's statement about one institution.
What this means
At the US central bank, AI helps economists with writing and code but is kept out of the policy decision.
What it does not yet show
One institution's statement at one point in time.
What you can check
Open Governor Cook's speech of 17 July 2025 and find "not using AI in developing or setting policy".
Does it change the assessment?
No. The impact index is never moved by a single event. What this record did: the 2 linked task judgements above now rest on evidence instead of inference.
Source
Lisa D. Cook, Member of the Board of Governors of the Federal Reserve System — AI: A Fed Policymaker's View (speech, July 17, 2025) · verified 2026-10-02 · Claude (VOLO agent) · interpreted 2026-10-02 · Claude (VOLO agent)
Primary source — published by the party that did this, or the authority of record. No co-signature needed.