Headquartered in Minneapolis, U.S. Bank is the fifth largest commercial bank in the country with approximately 70,000 employees and more than 2,000 branches in 26 states. Gunjan Kedia joined the bank in 2016 after a long career in financial services and she became chief executive officer in April 2025. Financial institutions like U.S. Bank generate the kind of data and information that gives insight into the economy. (Think credit card services, home loans and small business relationships.)

In a wide-ranging conversation at an event sponsored by University of Minnesota’s Carlson School of Management, I spoke with Kedia about the economy, artificial intelligence, the global labor market and more — much more.

A couple of themes stood out. Looking at the near-term economy, consumers are in

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