Kansas City Fed president Jeffrey Schmid told Albuquerque business leaders that artificial intelligence could help bolster the nation’s shrinking workforce as demographic shifts, lower birth rates and immigration policy slow job growth, while also weighing in on inflation, interest rates and the future of the U.S. economy.
The nation’s labor market is in the midst of long-term transformation — and central banker Jeffrey Schmid expects artificial intelligence to play a significant role in shaping the road ahead.
“We’re going through this structural change,” Schmid said,… [5413 chars]
Source: Albuquerque Journal | Published: 2026-02-11T22:55:00Z
Credit: Albuquerque Journal
