{"id":1685,"date":"2025-09-28T23:52:54","date_gmt":"2025-09-28T23:52:54","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/spectacular-ai-growth-to-spark-serious-jobs-issue-for-fed-zervos\/"},"modified":"2025-09-28T23:52:54","modified_gmt":"2025-09-28T23:52:54","slug":"spectacular-ai-growth-to-spark-serious-jobs-issue-for-fed-zervos","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/spectacular-ai-growth-to-spark-serious-jobs-issue-for-fed-zervos\/","title":{"rendered":"Spectacular AI growth to spark serious jobs issue for Fed: Zervos"},"content":{"rendered":"\n<div id=\"NewsShowArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"NewsShowArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108203575\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108203575\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000389970\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market.<\/p>\n<p>&#8220;We could actually have a pretty strong growth economy. Your AI story&#8230; [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like it to be,&#8221; he told CNBC&#8217;s &#8220;Fast Money&#8221; this week. &#8220;That&#8217;s a dilemma for the Fed.&#8221;<\/p>\n<p>Zervos, a CNBC contributor, alluded to the central bank&#8217;s full employment and price stability mandate.<\/p>\n<p>&#8220;Imagine a world maybe where we&#8217;re [the economy] growing at three and a half or four [percent.] Things are really good, but the unemployment rate keeps ticking up,&#8221; he said.<\/p>\n<p>Zervos, who has been considered one of the potential candidates to ultimately replace Fed Chair Jerome Powell, contends the central bank should be more focused on the labor market right now than inflation.<\/p>\n<p>&#8220;The smartest AI guys I know, the guys who have made the money in the largest amounts, and you know them. You have them on these shows. They&#8217;ve been saying for a while [that] they&#8217;re early in all the stocks,&#8221; he said. &#8220;These are the people that are telling me in meetings we&#8217;re going to lose three to five million jobs in the next three to four years. Maybe even faster.&#8221;<\/p>\n<div class=\"ArticleBody-blockquote\">\n<p>Join us on Thursday, December 11th for a front-row seat to the ultimate holiday trading experience with Melissa Lee and the &#8220;Fast Money&#8221; traders, live from the Nasdaq Marketplace. Get your tickets now:\u00a0cnbcevents.com\/fastmoneylive<\/p>\n<\/div>\n<\/div>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204583\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:56.17977528089888%\">\n<div><button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market. &#8220;We could actually have a pretty strong growth economy. Your AI story&#8230; [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[651,770,1186,284,1178,1609,1610],"class_list":["post-1685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-fed","tag-growth","tag-issue","tag-jobs","tag-spark","tag-spectacular","tag-zervos"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1685"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1686"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}