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Fortune••business
Key Points:
- Bank of America hired 2,000 top graduates from 200,000 applications, with CEO Brian Moynihan advising young job seekers to harness their fears about AI and uncertainty as opportunities for growth.
- Moynihan emphasized that AI-driven efficiencies should be reinvested to expand the company, while cautioning that it is too early to determine AI’s full impact on the job market.
- Moynihan criticized excessive focus on Federal Reserve actions, arguing that private sector dynamics play a more crucial role in driving economic growth.
- Federal Reserve Chair Jerome Powell and economists acknowledge that Gen Z faces significant hiring challenges due to a low-hiring, low-firing labor market, automation of entry-level roles, and an aging tech workforce.
- Entry-level
