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Central BanksMediumUpdated×2•Originally published 24 February 2026•Updated 25 February 2026•

1 min read

Dimon Urges National Plan for AI Job Losses as Fed's Waller Weighs Rate Decision

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Key Facts

1Fed Governor Christopher Waller described the March interest rate decision as a 'coin flip'.

3 months ago

Version History

Version 23 months ago

What changed: Jamie Dimon shifted from general AI optimism to proposing specific policy measures, like a national assistance plan, to address potential AI-driven job losses.

Version 13 months ago

What changed: Jim Cramer joined Jamie Dimon in downplaying AI fears, while highlighting a Citrini Research report regarding the potential socio-economic impact of AI on the middle class.

Federal Reserve Governor Christopher Waller has characterized the upcoming March interest rate decision as a "coin flip" amid persistent economic uncertainty. In a significant policy shift, JPMorgan Chase CEO Jamie Dimon called for a national plan, similar to "trade adjustment assistance," to mitigate potential AI-driven job wipeouts. This recommendation aligns with concerns raised by Citrini Research regarding the potential collapse of the middle class due to technological disruption, even as Jim Cramer argues that AI anxiety is overblown. Dimon’s latest stance emphasizes the need for structural labor protections alongside the rapid adoption of artificial intelligence. Consequently, major indices like SPY and QQQ remain sensitive to these socio-economic warnings, while the USD and Treasury yields react to the shifting Fed outlook.