The effect of this horrible job growth — fueled by the hype of the AI narrative — is an economy where the rich spend like ...

Federal Reserve Chair Jerome Powell said Wednesday he did not believe the massive growth in artificial intelligence (AI) ...

Federal Reserve Chair Jerome Powell said the central bank is paying close attention to recent layoffs at companies such as ...

Fed Chair Jerome Powell said the current artificial-intelligence craze is very different than the dot-com boom at the end of ...

The phenomenon is so widespread some economists have coined a new term— the “Great Freeze ”—to describe the dismal labor ...

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

Enormous capital expenditures in artificial intelligence technology and data centers are helping to drive growth in the U.S.

This is different,” Powell told reporters Wednesday. “The companies that are so highly valued actually have earnings and ...

Powell said companies are “making money in building [data centers]—it’s not about 25 basis points here or there.” ...

Federal Reserve Chairman Jerome Powell acknowledged AI's potential for widespread job losses, noting that companies are ...

Jerome Powell doesn’t see an AI bubble. That seems like the bigger takeaway versus the fact the Federal Reserve did what ...

Jerome Powell’s warning on rate cuts and Mark Zuckerberg’s alert on artificial intelligence spending remind investors that ...