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ConfirmedPolicy12 Nov, 15:00 UTC

Fed's Barr says US should prepare for 'serious' AI job disruption and wider inequality

Federal Reserve Governor Michael S. Barr (file photo)
Federal Reserve via Wikimedia Commons (file photo)

In a speech at Yale, Governor Michael Barr said AI could displace workers at scale and shift gains to owners of capital, noting the labour share of income hit a record low 52.8% in Q2 2026.

Read at Federal Reserve Board Share

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