"You have to carefully monitor inflation expectations because you could have a series of big supply shocks and that can lead, you know, the public generally, businesses, price setters, households ... to start expecting higher inflation over time. Why wouldn't it?"
"The U.S. job market has been lackluster for the past year. Employers added fewer than 10,000 jobs a month in 2025 - the weakest hiring outside a recession since 2002."
"There's some concern that artificial intelligence is taking over entry-level work that previously would have gone to young jobseekers, or that companies are reluctant to make hiring decisions until they better understand how they are going to use AI."
"Powell said he was optimistic over the medium- to long-term, noting that history has shown that technological innovations have repeatedly raised living standards and increased productivity."
Jerome Powell emphasized the importance of monitoring inflation due to rising energy prices linked to the Iran war. He noted that energy shocks are temporary and monetary policy impacts are long-term. The job market is currently weak, with low job creation and challenges for young graduates. Powell expressed concerns about AI potentially replacing entry-level jobs. Despite these challenges, he remains optimistic about technological innovations improving living standards over time.
Read at Fortune
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