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At the University of California, San Diego Economic Roundtable, San Diego, California Thank you, Jim, for that kind introduction, and thank you to UC San Diego for hosting me. 1 It is a pleasure to be speaking to this group that includes students, faculty, and business leaders. The topics I want to focus on today are relevant for all of us: How could rapid technological change affect our economy, and what could that mean for monetary policy? I will start by discussing an earlier period of major technological advances and what lessons we might distill from it for the current juncture. Next, I will turn to what evidence we have regarding the adoption of artificial intelligence (AI).
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