The phenomenon is so widespread some economists have coined a new term— the “Great Freeze ”—to describe the dismal labor ...

It's really a different thing,' Jerome Powell told reporters this week. However, the Federal Reserve is closely watching the ...

Federal Reserve Chair Jerome Powell said Wednesday he did not believe the massive growth in artificial intelligence (AI) ...

Some experts believe AI will create enough new roles to offset job losses, but that could depend on how policymakers and ...

If you had a hunch that the economy is in the tubes lately, you’re not alone: Federal Reserve chair Jerome Powell agrees with ...

Enormous capital expenditures in artificial intelligence technology and data centers are helping to drive growth in the U.S.

The artificial intelligence boom promises innovation but risks fueling socialist sentiment if widespread job displacement ...

Powell said companies are “making money in building [data centers]—it’s not about 25 basis points here or there.” ...

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

Jerome Powell doesn’t see an AI bubble. That seems like the bigger takeaway versus the fact the Federal Reserve did what ...

Federal Reserve Chair Jerome Powell said the central bank is paying close attention to recent layoffs at companies such as ...

Federal Reserve Chairman Jerome Powell acknowledged AI's potential for widespread job losses, noting that companies are ...