At least, not yet. While Fed Chairman Jerome Powell has previously warned about AI, saying in June that it has the "potential to make really dramatic changes" to the U.S. economy, the leader of America's central bank is blaming other factors for the newfound tightness in the job market.

Federal Reserve Chair Jerome Powell addressed Wall Street's hopes for significant rate cuts, indicating that monetary policy remains unpredictable despite indications of a slowing job market. , Economy,

Hold your hats. The S&P 500 index tends to lose steam on rate-decision days when Federal Reserve Chair Jerome Powell has been at the helm of the central bank's afternoon press conference, especially when compared with his predecessors,

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

The Fed chair is making a risky gambit, cutting rates even though the economy isn’t flashing red. He’s been here twice before.

Amid pressure from the president, Mohamed El-Erian called on Federal Reserve chair Jerome Powell to call it quits — becoming one of the first mainstream economic voices to suggest Powell voluntarily step down to preserve Fed independence.

The Federal Reserve's two-day policy-setting meeting begins Tuesday. Policy committee members may be divided on their decision and forecasts.

James Bullard, the former president of the Federal Reserve Bank of St. Louis, said Monday he’d spoken last week with Treasury Secretary Scott Bessent about becoming central bank chair, and that he’s very interested in the job under the right set of conditions.