Central Banks
Lagarde Vows ‘Extremely Attentive’ ECB on AI-Driven Job Cuts
Christine Lagarde in Brussels, on Feb. 26.
Photographer: Dursun Aydemir/Anadolu/Getty Images
The European Central Bank will closely monitor for any signs that the adoption of artificial intelligence throughout the economy is sparking job losses, President Christine Lagarde said.
Questioned on the growth and inflation implications, she said that major spending on the technology is happening in Europe as well as the US, with observable results, but that an impact on employment isn’t yet visible.