---
title: "AI Isn’t Coming for American Jobs Someday. The Fed Says It’s Already Happening."
description: "A Federal Reserve economic assessment indicates AI is already affecting who gets hired, with possible knock-on effects for household spending and the wider economy."
kind: "wire"
section: "Work"
author: "Josh Alley"
author_url: "https://hastalavista.ai/authors/alley"
published: "2026-10-16T18:03:19.625Z"
updated: "2026-10-16T18:03:19.625Z"
canonical: "https://hastalavista.ai/work/ai-isnt-coming-for-american-jobs-someday-the-fed-says-its-already-happening"
source_url: "https://247wallst.com/investing/2026/10/15/ai-isnt-coming-for-american-jobs-someday-the-fed-says-its-already-happening/"
source_name: "24/7 Wall St."
---

# AI Isn’t Coming for American Jobs Someday. The Fed Says It’s Already Happening.

*A Federal Reserve economic assessment indicates AI is already affecting who gets hired, with possible knock-on effects for household spending and the wider economy.*

By [Josh Alley](https://hastalavista.ai/authors/alley) · October 16, 2026

Source: [AI Isn’t Coming for American Jobs Someday. The Fed Says It’s Already Happening.](https://247wallst.com/investing/2026/10/15/ai-isnt-coming-for-american-jobs-someday-the-fed-says-its-already-happening/) — 24/7 Wall St.

## Human take

*These are the author’s thoughts, made without AI and typed directly into our publishing software without assistance.*

I'm an ex-CTO and I would never hire another developer ever again. And that's the beginning.