The Federal Reserve chair’s argument is based on inaccurate — and dangerous — Wall Street conventional wisdom.
This prevailing mindset, long accepted without question, fails to consider the broader economic implications and risks involved. Relying on such conventional wisdom can lead to misguided policies that ultimately harm the financial system and the public.
It is crucial to reassess these assumptions and approach economic decision-making with a more nuanced and evidence-based perspective. Only then can we ensure stable growth and protect the economy from potential crises.
https://www.marketwatch.com/story/jerome-powell-says-the-ai-bubble-and-the-dot-com-bust-are-different-hes-wrong-e260ceee?mod=mw_rss_topstories
