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Fed's Goolsbee: Economy Would Avoid Recession Even Without AI

Original: Fed's Goolsbee: Even without AI, the economy would not be in recession

Austan Goolsbee, president of the Chicago Federal Reserve, said the US economy would not be in a recession even if the AI-driven investment boom were stripped out of the picture. His comments push back on fears that recent growth rests too heavily on AI spending and that the economy would falter without it.

Why now: Investors and policymakers are debating whether AI investment is propping up an otherwise fragile economy, so a Fed official's reassurance draws attention.

Austan GoolsbeeFederal ReserveUS economy

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• Fed's Goolsbee: Even without AI, the economy would not be in recession · Yahoo Finance

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