The Federal Reserve Chair, Jerome Powell, has addressed concerns about the U.S. economy and AI-related job loss. Despite the Fed's decision to keep the interest rate steady in March, Powell warned that raising rates could have negative effects on the economy later. He also highlighted the weak job creation experienced despite a low unemployment rate and the shift in immigration policy. He stressed the importance of the economy in addressing the issue of students struggling to find jobs. Despite concerns about AI leading to job losses, Powell remains optimistic about the medium and longer term about the future of technology in the United States. He warned that major tech companies will continue cutting jobs that can be automated due to AI, and predicted that AI will affect middle management and back-office functions in the coming years.