Technology in our financial system, new technology, has done plenty of good for Americans.
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AI is a tool, and we have the responsibility to set policies to ensure that when and if this tool is used, it's used to make our economy work better for consumers and savers--not to exploit them.
We cannot sleepwalk into a major transformation of our economy, and put Americans' money and financial futures at risk.
Workers have been the casualties of an 'inevitable march toward progress' too many times before.
New technology in our financial system has done plenty of good for Americans.
With the emergence of AI, we have a responsibility to ensure this technology is used, when it is used at all, to protect consumers and savers while promoting a fair and transparent economy.
Wall Street's version of efficiency usually means lower wages, fewer jobs, and less economic security for workers and much higher profits for corporate America.
We have the responsibility to set policies to ensure that when and if this tool is used, it is used to make our economy work better for consumers and savers, not to exploit them.
We cannot sleepwalk into a major transformation of our economy and put Americans' money and financial futures at risk.
But of course, technology has done plenty of harm, too.
Technology in our financial system, new technology, has done plenty of good for Americans.
With the emergence of AI, we have a responsibility to ensure this technology is used, when it is used at all, to protect consumers and savers while promoting a fair and transparent economy that works for middle-class Americans rather than…
Workers have been the casualties of an inevitable march toward progress too many times before.
Technology in our financial system, new technology, has done plenty of good for Americans.
Automation allowed high frequency trading that created the flash crash and contributed to the '08 financial crisis.
The ones doing the overhyping are generally big corporations.
We cannot sleepwalk into a major transformation of our economy and put Americans' money and financial futures at risk.
I introduced, with the help of some of you in this room, the Jordan McNair Act just a couple of months ago here in the Congress that would put in place things that are really, really needed: requiring the use of external defibrillators on…