---
title: "Barr: 'now is the time' to prepare for AI-driven job losses"
description: "Fed Governor Michael Barr said AI has not yet materially affected the labor market but urged governments and businesses to prepare now for potential job losses."
kind: "wire"
section: "Work"
author: "Josh Alley"
author_url: "https://hastalavista.ai/authors/alley"
published: "2026-10-07T00:53:21.066Z"
updated: "2026-10-07T00:53:21.066Z"
canonical: "https://hastalavista.ai/work/barr-now-is-the-time-to-prepare-for-ai-driven-job-losses"
source_url: "https://www.americanbanker.com/news/barr-now-is-the-time-to-prepare-for-ai-driven-job-losses"
source_name: "American Banker"
archive_url: "https://web.archive.org/web/20261002071616/https://www.americanbanker.com/news/barr-now-is-the-time-to-prepare-for-ai-driven-job-losses"
---

# Barr: 'now is the time' to prepare for AI-driven job losses

*Fed Governor Michael Barr said AI has not yet materially affected the labor market but urged governments and businesses to prepare now for potential job losses.*

By [Josh Alley](https://hastalavista.ai/authors/alley) · October 6, 2026

Source: [Barr: 'now is the time' to prepare for AI-driven job losses](https://www.americanbanker.com/news/barr-now-is-the-time-to-prepare-for-ai-driven-job-losses) — American Banker