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Fed’s Jerome Powell Says AI Investment, Spending Not a Bubble

‘This is different’ than the dot-com bubble, Fed Chair Jerome Powell said.
Fed’s Jerome Powell Says AI Investment, Spending Not a Bubble
Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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Federal Reserve Chairman Jerome Powell said on Oct. 30 that the immense growth in artificial intelligence (AI) investment spending is not a bubble akin to the 1990s.

Powell, speaking to reporters at a post-meeting press conference, said the current AI buildout is different from the dot-com bubble.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."