Federal Reserve Vice Chair: AI-Related Stocks Surge Due to Real Earnings, Unlike During the Internet Bubble

BlockBeats News, November 21, Federal Reserve Vice Chair Jefferson: Unlike the Internet bubble era, the stock surge related to artificial intelligence is mainly due to AI companies actually having real earnings. The current market's difference from the Internet bubble era makes it less likely for us to witness a repeat of the late 1990s. It is now too early to judge how artificial intelligence will affect the labor market, inflation, and monetary policy. (FXStreet)