Fed’s Waller: AI Could Widen Gap in GDP Per Capita

Waller's framing matters less for the AI claim than for who is making it: a sitting Fed governor treating AI as a distributional force in living standards, not just a productivity story. That shifts the policy conversation toward divergence between economies able to absorb AI-driven gains and those that cannot. The remark is thin on mechanism, so the open question is whether this stays a passing observation or becomes a recurring theme in Fed commentary on global growth gaps.