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They were next scheduled to meet march 17, so essentially coming out today and saying we will use the tools we had to keep monitoring the situation. Comes at a day the g7 finance ministers all got on a call and talk about what to do about the coronavirus. Is that a coincidence or is there some connection . The financetially ministers, led by Steven Mnuchin because the u. S. Is the host country for the g7 meeting, had a policy morning to talk about the coronavirus and the effect on the economy. Only hours later we saw the fed said they were going two. , he wasy as powell said going to talk to central bankers around the world. We think this will put more pressure on other Central Banks to potentially make a move. There was some talk in the markets about how whether or not the banks will make a coordinated move. The banks will move first. We will talk about what happens next with ....
Who are very active in looking at technology and product 50 and the implications for the labor force. It will depend over time on workers having the skills and aptitudes to benefit from technology. Hashistory for 250 years been that Technology Enables higher productivity and those who have the skills and aptitude to operate and benefit from that technology, their wages go up. Their stated of living goes up. Youre at a place where there may be a period and there have been periods where there could be several decades that is not the case. Where the evolution of ofhnology leads to periods bad distributional effects. Over time, it has always led to lifting all boats. This particular period is one of concern. Ought to beress, we thinking about the potential impact at whether there are any policy moves we ought to make to anticipate or to try to accommodate Artificial Inte ....