Fed Rate Cuts: Accelerating Job Displacement via AI?

Could the Federal Reserves efforts to boost the job market be backfiring due to AI? A surprising report shows a decline in private jobs, particularly in white-collar fields, since July. Economists and investors anticipate a rate cut from the Fed, but some experts warn that this could accelerate job displacement caused by AI, posing a unique challenge for policymakers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.