BlockBeats news, on November 21, Fed Vice Chairman Jefferson stated: Unlike the internet bubble period, the rise in stocks related to artificial intelligence is mainly due to the fact that AI companies actually have real earnings. The differences between the current market and the internet bubble period make it unlikely for us to witness a repeat of the late 1990s. It is still too early to determine how AI will impact the labor market, inflation, and monetary policy. (Jin10)
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Fed Vice Chairman: The rise of AI-related stocks is different from the internet bubble period.
BlockBeats news, on November 21, Fed Vice Chairman Jefferson stated: Unlike the internet bubble period, the rise in stocks related to artificial intelligence is mainly due to the fact that AI companies actually have real earnings. The differences between the current market and the internet bubble period make it unlikely for us to witness a repeat of the late 1990s. It is still too early to determine how AI will impact the labor market, inflation, and monetary policy. (Jin10)