https://x.com/kimmonismus/status/1984737739364057599?s=46
Linked to tweet with article rather than just article
-Federal Reserve Chair Jerome Powell dismissed fears that the AI surge is another dotcom-style bubble, emphasizing that today’s tech giants actually generate profits and drive tangible growth!
-He framed AI investment as a long-term productivity play, not one fueled by cheap credit, noting its visible impact on the U.S. economy—from data centers to power grids.
-Economists from Goldman Sachs and JPMorgan echoed his stance, projecting trillions in potential productivity gains and modest but steady contributions to GDP growth.