Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’

Why did the Fed cut interest rates today? How is Tesla addressing door handle safety issues? What impact does China’s Nvidia chip ban have? Why was Jimmy Kimmel's show pulled by ABC? How will Meta's new AI glasses affect the market? What caused Cracker Barrel’s sales and stock slump? Why are Starbucks workers suing over new dress code?

Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’

fortune.com/2025/09/17/jerome-powell-ai-bubble-inequality-rich

For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital spending – which some analysts estimate could reach $3 trillion by 2028 – fattening a few mega-cap firms, while lower-income workers suffer from a slack labor market.…

This story appeared on fortune.com, 2025-09-17 22:29:07.