U.S. Treasury Secretary: Fed Under Powell to Watch AI Impact on Jobs Closely

BlockBeats News, February 10th, U.S. Treasury Secretary Yellen said on Tuesday that under Kevin Warsh, the Fed chair nominee by Trump, the Fed will closely monitor to ensure that there will be no "time mismatch" between employment and productivity in the context of rapid development of artificial intelligence.

Yellen, speaking via video at an event hosted by the Brazilian bank BTGPactual, said the U.S. economy is expected to grow at an average rate of 4.1% in the last three quarters of 2025, and predicted that this year's nominal GDP growth rate (excluding inflation) could reach 6%.

Yellen said that historically, prosperity in productivity has often been accompanied by job growth, and the Fed will closely monitor this "to ensure that there is no temporal mismatch." (FXStreet)