Could advances in artificial intelligence be the key to help reduce U.S. inflation rates and keep them low? Federal Reserve Gov. Lisa Cook said Tuesday that she is onboard with the possibility that the latest technological advances could have long-term disinflationary benefits.

Speaking at the Technology-Enabled Disruption Conference organized by the Federal Reserve Banks of Atlanta, Boston, and Richmond, Cook said that she is closely monitoring recent developments in AI because the technology could begin to play a much larger role in improving labor productivity.