Fed: Technology Shocks, the AI Boom, and the U.S. Current Account
July 15, 2026
July 15, 2026
WASHINGTON, July 15 -- The Federal Reserve issued the following Fed Notes article:
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Technology Shocks, the AI Boom, and the U.S. Current Account
By Giuseppe Fiori, Colleen Lipa, and Erik Nuenninghoff
The current artificial intelligence (AI) investment boom in the United States provides a powerful boost to imports of high-technology capital goods. The AI buildout bears the hallmarks of an investment-specific technology shock--a process in w . . .
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Technology Shocks, the AI Boom, and the U.S. Current Account
By Giuseppe Fiori, Colleen Lipa, and Erik Nuenninghoff
The current artificial intelligence (AI) investment boom in the United States provides a powerful boost to imports of high-technology capital goods. The AI buildout bears the hallmarks of an investment-specific technology shock--a process in w . . .