Fed's Waller Expects AI-Related Job Losses

Federal Reserve Governor Christopher Waller Wednesday said he expects artificial intelligence to be more disruptive for the labor market than past technological innovations.

"AI seems to be moving so fast that we'll see the job losses before we really see the new jobs," Waller told a financial technology conference.

"It may be down the road a couple more years before we really start seeing what new jobs come in," Waller added.