Woofun AI reports that U.S. Treasury Secretary Janet Yellen indicated the artificial intelligence boom could enhance productivity and generate deflationary effects, assisting in bringing inflation back to target levels. Yellen drew parallels to the 1990s internet era, suggesting the U.S. may experience high GDP growth without traditional inflationary pressures. She emphasized the need for the Federal Reserve to maintain an "open mind" regarding inflation dynamics, particularly as Iran-related energy price impacts subside. While declining to comment on potential rate cuts, Yellen expressed confidence in Federal Reserve Chair Jerome Powell’s ability to balance inflation control with growth objectives.