TechBloomberg Tech29m ago
Fed's Bowman Warns About Potential Impact of AI Bets Not Panning Out
TL;DRFed official warns AI investment hype could trigger stock market crash if returns disappoint.
Why it matters: Central bank is publicly concerned about AI-driven bubble risk—signals potential rate policy implications ahead.
Federal Reserve Governor Michelle Bowman says she sees a number of risks to economic activity from financial markets, including a sharp downturn in stock prices if returns on investments in AI fall short of expectations. She speaks at a Council on Foreign Relations event in…
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