Fed Chair Powell (Q&A) says don’t know the overall impact of AI; may see in the short-term jobs eliminated by AI capabilities

• Says there is some connection between low hiring for recent college grads and AI

Fed Chair Powell's remarks highlight uncertainty regarding AI's impact on the job market, particularly on recent college graduates. While recognizing potential immediate job losses, this suggests a cautious stance on economic growth and hiring, which may influence the Fed's policy considerations moving forward. Traders should be alert to shifts in risk sentiment and how this sentiment might impact the USD and broader asset classes.