Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero’

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

Transcript: Fed Chair Jerome Powell’s Postmeeting Press Conference

The Fed leader discussed the reasoning behind the central bank’s decision to cut rates at its second straight meeting as well ...

Powell suggested tech giants fueling the AI boom and GDP hardly care about Fed rate tweaks. They just proved him right

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

Powell Says AI Investment “Big Deal,” but Not Rate-Sensitive

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

Here’s What the Stock Market Didn’t Like About Powell's Comments

Stocks reversed their gains Wednesday, with all three indexes veering into the red, after Fed Chair Jerome Powell threw cold ...

US Treasuries Hold Losses After Powell Reiterates Fed’s Caution

US Treasuries consolidated Wednesday’s losses, when Federal Reserve Chair Jerome Powell cast doubt on whether policymakers ...

Why Glen Powell Won’t Be in MCU or DCU Movies

Glen Powell is constantly in casting rumors for numerous superhero movies. Despite what the fans want, Powell is not chasing ...

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

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