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The New York Sun
Economy

Powell Says Fed Has Limited Tools To Prevent AI Disruptions to Economy

The Fed chairman says interest rates policy can’t do much if AI brings major structural changes to the economy.

The Federal Reserve chairman, Jerome Powell, speaks during a news conference at Washington D.C., on July 30, 2025.
The Federal Reserve chairman, Jerome Powell, speaks during a news conference at Washington D.C., on July 30, 2025. Manuel Balce Ceneta/AP