Technology

Can true innovation happen when so much of the industry is still working on systems built in the 20th century?

Philip Jefferson

Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.

Letitia James, New York's attorney general, speaks during a news conference in New York, US, on Friday, Feb. 16, 2024.

The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.

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