'Spectacular' AI growth is creating a serious labor market problem for Fed, Jefferies' David Zervos warns
CNBC·2025-09-27 16:00
Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market."We could actually have a pretty strong growth economy. Your AI story... [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like it to be," he told CNBC's "Fast Money" this week. "That's a dilemma for the Fed."Zervos, a CNBC contributor, alluded to the central bank's full employment and price stability ...