Powell says AI is different from dotcom bubble and is major source of economic growth

Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC.Federal Reserve Chair Jerome Powell said on Wednesday that the artificial intelligence boom is different from the dotcom bubble of the late 1990s."This is different in the sense that these companies, the companies that are so highly valued, actually have earnings and stuff like that," Powell said, during a news conference follo ...