Comment by Catherine Mann

On AI, it is interesting that across the US, the UK, Germany and Australia, and a variety of research on each of those elements, 90% of the sources, when you ask firms, say there is no impact. It may be that the manifestation is, as the deputy governor said: “We’re not going to hire somebody if someone retires.” That is not exactly no impact, but it is not like AI is taking a job; it is just replacing it.