How AI Could Change Jobs, Wages, and Productivity | Federal Reserve Outlook

This video analyzes recent Federal Reserve economic forecasts on how artificial intelligence may impact long-term productivity, labor markets, and economic growth.

Drawing on historical examples such as the J-curve effect and the 1990s technology boom, the discussion explains why new technologies often cause short-term job losses before delivering long-term efficiency gains. The video also explores current policy debates over interest rates, business investment in digital infrastructure, and whether AI could lead to reduced worker bargaining power or a prolonged period of cautious hiring.

Rather than attempting to control the AI boom directly, the Federal Reserve appears focused on managing its cyclical economic consequences.

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