Federal Reserve Vice Chair Philip N. Jefferson addressed key economic challenges at the Bank of Japan's 2026 conference, focusing on global energy prices, artificial intelligence, and trade disruptions. Jefferson emphasized the interconnectedness of these issues and their impact on U.S. growth and inflation, reiterating themes from his previous speeches on AI and energy prices. The conference, which also featured European Central Bank executive board member Philip R. Lane, underscored the ongoing global concern over inflation and energy volatility. Jefferson's participation signals the Federal Reserve's continued focus on these areas, with AI's potential to reshape productivity and price stability being a significant point of interest.