Will AI put economists out of business? Fed’s John Williams says ‘I’m not a believer that…’

The implications of artificial intelligence gripped global central bankers in Iceland this week, with one Federal Reserve official joking that it won’t put economists out of business, Bloomberg reported.

New York Fed President John Williams said at the Reykjavik Economic Conference, “The demand for macroeconomists will still be vibrant.” His remarks sparked laughter from the audience.