Feds Jerome Powell Says AI Investment, Spending Not a Bubble

‘This is different’ than the dot-com bubble, says Fed Chair Jerome Powell.Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times10/30/2025|Updated: 10/30/2025Federal Reserve Jerome Powell said on Oct. 30 that the immense growth in artificial intelligence (AI) investment spending is not a bubble akin to the 1990s.Powell, speaking to reporters at a post-meeting press conference, said that the current AI buildout is different from the dot-com bubble.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles