Fed’s Daly Says AI Is Slowing Hiring More Than Displacing Workers

Federal Reserve Bank of San Francisco President Mary Daly said artificial intelligence is reducing employers’ need to add staff more than it is displacing current workers, describing an effect that can show up in slower hiring.

“You don't see a lot of displacement from AI yet, but you do see less need to hire additional people,” Daly said. She also linked that reduced need to hire with slower hiring.