Fed's Kashkari: AI is not the sole engine of US economic growth, skeptical of claims that "the rest of the economy is shrinking"

Zhitong Finance APP has learned that Minneapolis Fed President Neel Kashkari said he is skeptical of the view that the U.S. economy is shrinking and that the only support is coming from the AI-related construction boom. Speaking at an event at the Council on Foreign Relations in New York on Wednesday, Kashkari said, "I am skeptical that the rest of the economy is contracting." "If you look at corporate profits, many sectors of the economy are broadly very strong, not just those directly related to AI construction."