Federal Reserve official Waller stated that CEOs are predicting significant job cuts due to the rise of artificial intelligence. This statement aligns with the Fed’s ongoing monitoring of technology-driven employment changes as they assess labor market dynamics. Additionally, Federal Reserve officials have noted that advancements in AI are accelerating automation processes, influencing corporate planning and leading to potential reductions in workforce levels, a concern echoed by business leaders regarding shifts in operational needs.
US Federal Reserve’s Waller: CEOs anticipate significant job cuts from AI
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