Federal Reserve Governor Lisa Cook revealed the central bank's increasing use of artificial intelligence (AI) across various functions, though not in setting monetary policy. Cook highlighted research indicating that Large Language Models (LLMs) possess a strong understanding of economic discussions found in Fed minutes. Another study explored using machine learning to predict financial crises. While AI is being leveraged for analysis, forecasting, and understanding economic data, Cook emphasized that human judgment remains paramount in determining interest rates and other key policy decisions.