鲍威尔：人工智能已有泡沫，美国经济过度依赖富人

Core Insights - Concerns about a potential bubble in the artificial intelligence sector have been raised, with estimates suggesting capital expenditures in AI could reach $3 trillion by 2028, benefiting a few major companies while low-income workers struggle in a weak labor market [2][3] Economic Disparities - Jerome Powell highlighted the significant economic activity generated by AI, noting that the benefits are disproportionately skewed towards the wealthy [3] - Approximately 70% of U.S. economic growth is driven by consumer spending, yet many households live paycheck to paycheck, indicating a K-shaped recovery where affluent consumers continue to spend on luxury goods while others cut back on essentials [3][4] - The current economic landscape shows a stark contrast, with major tech companies like Microsoft, Nvidia, Apple, Alphabet, Meta, Amazon, and Tesla accounting for over 30% of the S&P 500's total market capitalization [3][4] Labor Market Dynamics - Despite an overall GDP growth rate exceeding 1.5%, the economic recovery is uneven, with challenges for recent graduates and minorities in the job market [4] - The job market is characterized by low layoffs and stagnant job creation, with only 22,000 jobs added in August and an unemployment rate rising to 4.3% [4][5] - Powell indicated that while AI investments may support overall economic growth, they do little to assist the labor market, exacerbating inequality [4]