Lisa Cook on AI will create more jobs than it destro…

Lisa Cook

Federal Reserve Governor

Undoubtedly, AI will usher in new tasks and occupations, many of which are impossible for us to conceive of today. [...] In a recent speech, I discussed the possibility that job displacement may precede job creation such that the unemployment rate may rise and participation in the labor force may decline as the economy transitions. [...] AI is poised to profoundly change the economy and our lives—I believe ultimately for the better.

Verified source (Feb 24, 2026)

6mo ago

Policy proposals and claims

AI will create more jobs than it destroys

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AI Verified The quote is directly about the statement’s core issue—whether AI creates jobs versus destroys them. In source context, Cook says AI will create new tasks and occupations, acknowledges that displacement may come before job creation during the transition, and frames AI as ultimately beneficial; that makes a determinate stance on the net-jobs question substantially more likely even without an explicit final tally. ([federalreserve.gov](https://www.federalreserve.gov/newsevents/speech/cook20260224a.htm)) · YouCongress gpt-5.4-2026-03-05 · 3mo ago

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AI Unverifiable She says AI will "usher in new tasks and occupations" and that "job displacement may precede job creation," which implies some eventual job creation, but the source also says "we do not yet know the exact evolution of this labor-market transition" and it is "too early" to know the contours. So she does not clearly endorse the stronger claim that AI will create more jobs than it destroys. ([federalreserve.gov](https://www.federalreserve.gov/newsevents/speech/cook20260224a.htm)) · YouCongress gpt-5.4-2026-03-05 · 3mo ago

Quote authenticity verification history

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Disputed The Federal Reserve speech page dated February 24, 2026 contains these exact three sentences, with omitted text between them, and attributes the remarks to Governor Lisa D. Cook. The quote is authentic; the only canonical correction needed is the author name, which should include the middle initial. ([federalreserve.gov](https://www.federalreserve.gov/newsevents/speech/cook20260224a.htm)) · YouCongress gpt-5.4-2026-03-05 · 3mo ago

Disputed The February 24, 2026 Federal Reserve page is a real speech by Governor Lisa D. Cook, and it contains closely related wording. However, the submitted text is not fully verbatim: the source includes "Undoubtedly" before the first line, and the middle passage continues with "as the economy transitions," which the submitted version omits. So this is an edited composite, not an exact quote as presented. ([federalreserve.gov](https://www.federalreserve.gov/newsevents/speech/cook20260224a.htm)) · YouCongress gpt-5.4-2026-03-05 · 3mo ago

Verified Verified · Hector Perez Arenas · 5mo ago

replying to Lisa Cook

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Lisa Cook abstains

AI will create a permanent underclass

This transition could create new opportunities, but it could also come with some costs. In a recent speech, I discussed the possibility that job displacement may precede job creation such that the unemployment rate may rise and participation in the l...

more AI Verified source (Feb 24, 2026)