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Fed’s Tom Barkin, a former McKinsey CFO, says the ‘AI Apocalypse’ hasn’t arrived

Posted on September 25, 2026
By Fortune
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1 min read

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Fed’s Tom Barkin, a former McKinsey CFO, says the ‘AI Apocalypse’ hasn’t arrived

The Richmond Fed president says companies are investing heavily in AI to boost productivity, but strong earnings are keeping them from making deep cuts to their workforces.