Updated

Federal Reserve official Jefferson gave a speech titled "New Technology, Old Questions: Productivity Puzzles and the Macroeconomy" at the University of California, San Diego Economic Roundtable, published November 14, 2026. The Federal Reserve published the speech text, which addresses how new technology interacts with long-standing questions about productivity and the broader economy. The available headline and excerpt give no further detail on specific conclusions, policy signals or market reaction.