Fed’s Goolsbee says an AI spending slowdown wouldn’t necessarily mean a recession

The Chicago Fed president is watching the financial stability effects of a cooling AI boom while warning that the boom itself may be overheating the economy Chicago Fed President Austan Goolsbee has a message for anyone treating the AI boom as the economy’s only engine. A slowdown in AI investment, he says, does not necessarily mean a recession . He isn’t brushing the risk aside, though. Goolsbee stressed that the Fed needs to keep a close eye on what a cooling AI spending cycle could do to financial stability.

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