Fed's Powell tells students to be optimistic about US job market, AI

March 30 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said he is optimistic about the medium and longer-term job prospects for U.S. college graduates despite a current period of very low job creation because the U.S. economy is the most dynamic and productive in the world.

Powell, speaking to economics students at Harvard University, said that artificial intelligence tools will make employees who use them much more productive and urged them to invest time to master these technologies.

"There's no denying it's a challenging time to enter the labor market, but it may take some patience and all that," Powell said. "But in the longer term, this economy is going to give you great opportunities. And just be a little optimistic about that."