Fed’s Barr outlines AI risks to finance, labor market
By: Ebrima Santos Sanneh | Published: 2026-02-17 20:56:37 | Source: www.nationalmortgagenews.com
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- Key Insight: Federal Reserve Gov. Michael Barr said the economy is currently ‘closest’ to a scenario in which AI gradually raises worker productivity without resulting in sweeping layoffs.
- Supporting data: Only 17% of firms currently use AI, according to a study cited by Barr.
- Forward look: Barr says policymakers must prepare for the worst, which could include a destabilized labor market or an…
