AI Boom: Not a Dot-Com Repeat, Says Fed Vice Chair
Update: 2025-11-21
Description
Federal Reserve Vice Chair Philip Jefferson distinguishes the current AI stock boom from the dot-com bubble, citing established AI companies generating profits and limited debt financing. He acknowledges potential risks but emphasizes a sound financial system. Jefferson warns of potential impacts if AI infrastructure investments increase debt, and expresses uncertainty about AIs job market, inflation, and monetary policy effects.
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