U.S. Treasury Secretary: The Federal Reserve under Powell will closely monitor the impact of AI on employment

CycleProphet · 2026-02-10T15:46:26+00:00

U.S. Treasury Secretary Janet Yellen stated that the Federal Reserve, under the leadership of Kevin Waugh, will focus on the impact of artificial intelligence development on employment and productivity. She predicts that the U.S. economic growth will reach 4.1% in 2025 and expects this year's nominal GDP growth to be around 6%.

CycleProphet

2026-02-10 15:46:26

Abstract generation in progress

Deep Tide TechFlow News, February 10 — According to Jintou Data, U.S. Treasury Secretary Janet Yellen stated on Tuesday that under the leadership of Fed Chair nominee Kevin Wirth, the Federal Reserve will closely monitor to ensure that, amid the rapid development of artificial intelligence, there is no “mismatch in timing” between employment and productivity. Yellen, speaking via video at an event hosted by Brazilian investment bank BTG Pactual, said that the U.S. economy’s average growth rate in the last three quarters of 2025 will reach 4.1%, and predicted that this year’s nominal GDP growth rate (excluding inflation) could reach 6%. Yellen noted that historically, productivity booms are often accompanied by employment booms, and the Federal Reserve will pay close attention to this “to ensure there is no timing mismatch.”

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