Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market.

"We could actually have a pretty strong growth economy. Your AI story... [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like it to be," he told CNBC's " Fast Money " this week. "That's a dilemma for the Fed."

Zervos, a CNBC contributor, alluded to the central bank's full employment and price stability mandate .

"Imagine a world maybe where we're [the economy] growing at three and a half or four [percent.] Things are really good, but the unemployment rate keeps ticking up," he said.

Zervos, who has been considered one of the potential candidates to ultimately replace Fed C

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