TechBloomberg Tech1h ago

Fed’s Kashkari Says AI Not Only Driver of US Economic Growth

TL;DRFed official pushes back on claims AI alone is driving US growth.

Why it matters: Shapes debate over whether AI hype masks broader economic weakness or strength.

Federal Reserve Bank of Minneapolis President Neel Kashkari said he was skeptical of the argument that the US economy is shrinking but for a boom in construction related to artificial intelligence.

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Source: Bloomberg Tech · Opens in new tab