Federal Reserve Chairman Jerome Powell takes questions at a news conference on September 17, 2025, in Washington DC, United States.

Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’

“[Spending] may well be skewed toward higher-earning consumers,” Powell said. “There’s a lot of anecdotal evidence to suggest that.”

September 17, 2025

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