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Jerome Powell says the AI bubble and the dot-com bust are different. He's wrong.
MarketWatchยท 2025-10-31 18:08
Core Argument - The Federal Reserve chair's argument is criticized for being based on inaccurate and potentially harmful conventional wisdom prevalent on Wall Street [1] Group 1 - The article highlights the dangers of relying on traditional financial narratives that may not reflect the current economic realities [1] - It suggests that the Federal Reserve's approach may be misguided due to its dependence on flawed assumptions [1] - The piece calls for a reevaluation of the prevailing economic theories that guide monetary policy decisions [1]