Fed's Kashkari Says the US Economy Is Not Just an AI Building Boom

Fed’s Kashkari Says AI Not Only Driver of US Economic Growth

Federal Reserve Bank of Minneapolis President Neel Kashkari said he was skeptical of the argument that the US economy is shrinking but for a boom in construction related to artificial intelligence.

Fed's Kashkari says the US economy is not just an AI building boom

Minneapolis Fed President Neel Kashkari said on September 30 he's skeptical the US economy outside AI construction is contracting, pushing back on claims that data center spending alone is keeping growth alive. The remarks land as Michael Burry shifts his Nvidia short into dated put options and MSCI rolls out new indexes letting investors hedge AI exposure layer by layer.