"Moynihan said it's too soon to say how AI will play out in the job market, but he hopes to use efficiencies created by the technology to invest in more growth. "We want to drive more growth. So the AI will be spent-the efficiencies from AI will be spent to keep growing the company, I think," he said. Moynihan also said Americans are focusing too much on the Fed and its impact on the economy."
"This is tied to a low‑hire, low‑fire labor market, the rapid automation of entry‑level roles, and a tech industry whose workforce is getting older as Gen Z's presence shrinks. In September 2025, Powell used his post‑meeting press conference to highlight an "interesting labor market" where "kids coming out of college and younger people, minorities, are having a hard time finding jobs." He emphasized that the job-finding rate is "very, very low" even"
A major bank hired 2,000 top graduates from 200,000 applications. Many young people feel scared and uncertain about career prospects amid AI-driven layoffs and automation. Advice to applicants encourages harnessing fear as motivation and viewing the future as opportunity. AI-driven efficiencies are expected to be reinvested to drive company growth. Americans place excessive focus on Federal Reserve rate moves while private-sector activity remains a principal economic driver. Gen Z faces a challenging hiring environment due to low-hire labor markets, rapid automation of entry-level roles, and an aging tech workforce.
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