Federal Reserve to hold AI hearing in San Francisco on November 16

The Federal Reserve plans to hold an AI hearing in the San Francisco Bay Area on November 16, 2026. The event involves the Fed’s Board of Governors and the Federal Reserve Bank of San Francisco. What the Fed is planning The hearing is set for November 16 in the Bay Area. As of mid-October, the Fed had not laid out a public format, agenda or list of participants. Fed officials have stepped up their AI commentary considerably. Their focus has centered on three areas: productivity, inflation and labor markets. Mary Daly’s supply shock warning The clearest preview of the Fed’s thinking came from San Francisco Fed President Mary Daly. On October 6, 2026, she argued that AI-driven demand could stretch out supply shocks tied to key resources like chips and energy. Daly suggested that AI demand could extend beyond a typical one-to-three-year supply shock, with pressure on chips and energy potentially lasting longer as demand keeps climbing. That matters for inflation. Policymakers often treat supply shocks as temporary, something to look past rather than fight aggressively. If AI turns a short squeeze into a longer one, that framework gets harder to apply. A board-wide conversation Daly is...