'Spectacular' AI growth creates a serious problem with the labor market for Fed, Jefferies' David Zervos warns

For a long time Market Bull David Zervos is worried that the Federal Reserve overlooks how the tree of artificial intelligence will influence the job market.

“We can actually take a pretty strong growthonom. [is] Something very pretty spectacular. But the job growth side is not nearly as comfortable as you would like to be, “he told CNBC's” Fast Money “this week. That's a dilemma for the Fed.”

Zervos, a CNBC contribution, referred to the entire employment and price stability of the Central Bank.

“Imagine a world where we might be [the economy] grow on three and a half or four [percent.] It is really good, but the unemployment rate keeps tapping, “he said.

Zervos, who is considered one of the potential candidates to eventually replace FED chairman Jerome Powell, claims that the central bank must currently be more focused on the labor market than on inflation.

“The smartest AI boys I know, the boys who have earned the money in the biggest amounts, and you know them. You have them in these shows. They say for a while [that] They are early in all shares, “he said.” These are the people who tell me in meetings that we will lose three to five million jobs in the next three to four years. Maybe even faster. “