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Powell: Asset prices ‘elevated by many metrics’ with ‘good part’ of that due to AI, tech

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Jan. 29, 2025 6:21 PM ETS&P 500 Index (SP500)SPY, AAPL, IVV, RSP, OEF, XLG, XLK, IXN, IYW, VGT, MSFT, SH, SSO, SDS, RSPT, MGK, UPRO, VOO, META, FTEC, SPXU, FNGS, MAGSBy: Anuron Mitra, SA News Editor
Federal Reserve Chair Jerome Powell Holds News Conference On Interest Rates

Federal Reserve chair Jerome Powell on Wednesday said asset prices are “elevated by many metrics” and chalked up a good portion of that to the valuations of technology and artificial intelligence (AI) stocks.

Powell’s remarks came just two days after

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