Part 6/10:
The Broader Economic Disruption and Uncertainty
In congressional testimony, Powell underscored that AI could dramatically overhaul productivity and employment, though the timing and scale of these changes remain uncertain. This ambiguity is a common theme—Powell repeatedly used words like "uncertainty" to describe AI’s impact, reflecting both the excitement and the apprehension surrounding this transformative technology.
Furthermore, Powell highlighted that current economic challenges—tariffs, inflation, and other macro factors—are still the primary drivers behind slower hiring and economic sluggishness, with AI being a secondary component, at best.