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Fed's Warsh dismisses fears of AI-driven employment collapse

Chair addressed outlook on second day of congressional testimony
Federal Reserve Chairman Kevin Warsh testifies on his second day before the Senate Banking Committee on Capitol Hill. (Getty Images)
Federal Reserve Chairman Kevin Warsh testifies on his second day before the Senate Banking Committee on Capitol Hill. (Getty Images)
CoStar News
July 15, 2026 | 7:49 P.M.

Federal Reserve Chairman Kevin Warsh pushed back on predictions from some legislators of widespread job destruction from artificial intelligence, arguing the technology will ultimately create more economic opportunities across industries including commercial real estate than it displaces.

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