Скачать или смотреть What Jerome Powell REALLY Thinks About AI's Economic Impact

Fed dropped interest rates, but how did AI impact the decision?

Fed chair Jerome Powell, in his post-press conference, acknowledged the “unusually large amounts of economic activity” driven by AI.

Top AI News for Leaders: https://www.aiupdate.ai

The “Magnificent Seven” (Microsoft, Nvidia, Apple, Google, Meta, Amazon, Tesla) now account for 30% of the S&P 500’s value—an unprecedented concentration fueled almost entirely by AI investment (Goldman Sachs: AI spending drives nearly all of the 7% YoY capex jump).

But this AI boom isn’t all upside.

Powell noted a 13% drop in employment for college grads aged 22-25 in affected fields since 2022, citing clear evidence that companies are replacing entry-level hires with AI.

What does it mean for men providing for their families and building businesses?

Disruption is here, and it’s accelerating.

Powell repeatedly used words like “uncertainty” and “disruption”—and wouldn’t rule out AI as a primary factor in economic shakeups.

Takeaways
1. Fed cuts interest rate by 0.25% (first time since Dec 2024) — AI cited as a major factor
2. Magnificent Seven” (Microsoft, Nvidia, Apple, Google, Meta, Amazon, Tesla) now make up 30% of S&P 500 value
3. 7% YoY capex surge—driven nearly entirely by AI investment
4. Entry-level employment for college grads (22-25) down 13% since 2022
5. College graduate unemployment rate up from 5.8% to 6.6% this year
6. Powell: “Enormous capabilities” in AI to disrupt jobs, workforce, and economic models—but “tremendous uncertainty” remains

Chapters:
00:00 - Intro
01:30 - AI Investment Boom
04:20 - Is AI impacting the labor market?
08:00 - AI's impact on the economy and workforce
12:40 - What does this all mean?
16:20 - Final Thoughts

References:

https://www.businessinsider.com/powel...

https://finance.yahoo.com/news/jerome...

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