1  I am grateful to Kelvin Chen and Carol Evans for their assistance in preparing this text. These remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee.
2 Executive Office of the President, National Science and Technology Council Committee on Technology, Preparing for the Future of Artificial Intelligence (Washington: Executive Office of the President, October 2016) https://obamawhitehouse.archives.gov/sites/default/files/ whitehouse_files/microsites/ostp/NSTC/preparing_for_the_future_of_ai.pdf; and American Bankers Association, “Understanding Artificial Intelligence” (Washington: American Bankers Association, November 2018), https://www.aba.com/Tools/Function/Technology/Documents/understanding-artificial-intelligence.pdf.