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AI can raise costs before it delivers productivity.

Lisa Cook distinguishes immediate demand for power and construction from possible later productivity gains.

La IA puede presionar costes antes de aportar productividad.

Lisa Cook distingue la demanda inmediata de energía y construcción de las posibles ganancias posteriores de productividad.

Microsoft moves AI from chat to autonomous work

The next phase of Copilot and the investor’s productivity test.

Microsoft lleva la IA del chat al trabajo autónomo

La nueva etapa de Copilot y la prueba de productividad para el inversor.

Stablecoins: a regulatory proposal is not a final rule.

The Federal Reserve opened consultation on reserves and authorisation for supervised issuers.

Stablecoins: una propuesta regulatoria todavía no es una norma final.

La Reserva Federal abrió comentarios sobre reservas y autorización para emisores bajo su supervisión.

U.S. International Transactions and Investment Position, 2nd Quarter 2026

The U.S. current-account deficit resulting from international economic transactions widened by $33.4 billion, or 15.7 percent, to $246.0 billion in the second quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $212.6

El déficit externo de EE. UU. se amplía al 3,0% del PIB en el segundo trimestre

El BEA sitúa el déficit por cuenta corriente en 246.000 millones de dólares. La publicación corresponde al segundo trimestre de 2026 y contiene revisiones del primero.

Barr, A Long-Term View on the Costs of Shelter

Speech At “Housing Affordability 2026: A Community Development Summit,” hosted by the Federal Reserve Bank of Chicago, Chicago, Illinois

Barr, A Long-Term View on the Costs of Shelter

Speech At “Housing Affordability 2026: A Community Development Summit,” hosted by the Federal Reserve Bank of Chicago, Chicago, Illinois

Jefferson, Discount Window Modernization and Treasury Market Functioning

Speech At the 2026 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, New York

Jefferson, Discount Window Modernization and Treasury Market Functioning

Speech At the 2026 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, New York