Fed Official Defends Broad US Economy Amid AI Growth Debate

Key Points

Minneapolis Fed President Neel Kashkari disputes the narrative that artificial intelligence spending solely sustains American economic growth, citing broad corporate profits

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Minneapolis Fed President Neel Kashkari disputes the narrative that artificial intelligence spending solely sustains American economic growth, citing broad corporate profits

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Oct 3, 2026 • 1:44 AM

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Fed Official Defends Broad US Economy Amid AI Growth Debate

Minneapolis Fed President Neel Kashkari disputes the narrative that artificial intelligence spending solely sustains American economic growth, citing broad corporate profits

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News Sources (2)

https://bloomberg.com/news/articles/2026-09-30/fed-s-kashkari-says-ai-not-only-driver-of-us-economic-growth

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https://startupfortune.com/feds-kashkari-says-the-us-economy-is-not-just-an-ai-building-boom

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Minneapolis Fed President Neel Kashkari disputes the narrative that artificial intelligence spending solely sustains American economic growth, citing broad corporate profits