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Artificial intelligence may replace jobs soon, Fed Chairman Jerome Powell warns

By Joseph Lawler
Published
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Artificial intelligence might replace jobs on a large scale in the next few years, Federal Reserve Chairman Jerome Powell said. 

Powell’s comments, made Tuesday in testimony before the House Financial Services Committee, indicate that the central bank is taking seriously the possibility of labor market disruptions from the rapid advancements in AI technology. 

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Artificial Intelligence Federal Reserve House Financial Services Committee Jerome Powell Monetary Policy Washington D.C.