These and other technologies are fundamentally changing every aspect of our work, and the Federal Reserve remains optimistic about the power of healthy innovation to improve the resilience, efficiency, and inclusiveness of our financial system when the appropriate safeguards are in place.
First, AMEs now face a very difficult dilemma in that, while putting their public finances in order is the first priority for resumption of growth, this is less likely to be achieved unless and until they find additional sources of growth.