Yellen Optimistic on Economy Despite Turmoil; J&J Focused on Healthcare Innovation in Golden Era; Business Leaders Navigate Generative AI Adoption; CEOs Discuss Remote Work, DEI, Climate at Fortune Summit; Fiscal Policy Faces Interest Rate Uncertainty

Treasury Secretary Janet Yellen remains optimistic about the U.S. economic outlook despite recent political turmoil, predicting lower inflation alongside a strong job market.

Johnson & Johnson CEO Joaquin Duato sees this as a "golden era" for J&J, with new technologies like AI enhancing R&D and robotics advancing surgery. He spun off the consumer business to focus the company on healthcare innovation.

Generative AI is top of mind for business leaders, with its rapid development poised to significantly boost productivity if deployed thoughtfully. Leaders are navigating between "FOMO and FOGI" regarding AI adoption.

The Fortune CEO Initiative focused on purpose-driven leadership, with broad discussion of trends like remote work, DEI backlash, climate action, and industrial policy.

Yellen believes investments in infrastructure, semiconductors, climate programs, and more will strengthen the economy, address inequality, and boost productivity. But interest rate uncertainty looms over fiscal policy.