Federal Reserve Board Member Waller: CEOs say artificial intelligence will lead to mass layoffs; March rate decision depends on February labor data

SnapshotLaborer · 2026-02-23T13:56:25+00:00

Federal Reserve Board member Waller pointed out that after excessive hiring, companies are starting to lay off workers, and artificial intelligence will lead to more unemployment. The labor market remains weak, and the March rate decision will depend on the February employment data. Although the January report was surprising, the overall situation remains fragile.

SnapshotLaborer

2026-02-23 13:56:25

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Federal Reserve Board Member Waller: Companies are beginning to cut staff after over-hiring. CEOs say artificial intelligence will lead to mass layoffs. The soft labor market conditions may persist. The employment market appears to have demand issues rather than supply issues. The March rate decision depends on February labor data. If February employment data is strong, there may be a tendency to pause rate cuts. The potential inflation rate is close to the 2% target level. The January employment report was a pleasant surprise, but that is only for a single month. The labor market is still considered weak and fragile.

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