WASHINGTON (AP) -- The chairman of the Federal Reserve, Ben Bernanke, says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.Bernanke told a college graduating class Saturday that the long-range practical consequences of such innovations as faster computers and the Internet are hard to predict. But he said inventors have only scratched the surface of the commercial applications that can be obtained in such fields as medicine and clean energy.
Fed Chairman Forecasts Gains From Computer Technology
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