AI Fed chair sees AI creating ‘significant changes’ to US workforce Jerome Powell told lawmakers that the technology’s impact on the economy is “probably not great” now, but it has the “potential to make really dramatic changes.”, 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 , Will AI take your job? Fed Chair Powell weighs in on the future of work and the potential impact of artificial intelligence on employment. Get insights here., Today, I would like to discuss the implications of artificial intelligence (AI) for workers and the labor market, more generally. 1 I will discuss AI's potential to boost productivity, offer a framework to consider which jobs will be most affected by AI, and consider AI's effect on aggregate employment., And the Fed, again in the "wait and see" mode afforded by a healthy labor market, can count them. "We don't have a house view on [AI taking jobs]," Powell said., .