Economics Daily

The Fed’s Not Ready to Channel Greenspan in Betting on Tech Boom

The global economy is flying blind into the AI revolution.

Alan Greenspan, former chairman of the Federal Reserve System, speaks during a Bloomberg Television interview in Washington, D.C., U.S., on Wednesday, July 24, 2019. Greenspan endorsed the idea that the U.S. central bank should be open to an insurance interest-rate cut, to counter risks to the economic outlook, even if the probability of the worst happening was relatively low.Photographer: Zach Gibson/Bloomberg

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By Chris Anstey and Enda Curran

November 24, 2025 at 12:00 PM UTC

This article is for subscribers only.

I’m Chris Anstey , an economics editor in Boston, and today we’re looking at Enda Curran ’s reporting on AI investment and the Fed. Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .

Donald Trump’s lieutenants like to invoke the mid-1990s as a good parallel for the economic backdrop for Federal Reserve monetary policymaking today. And for good reason: Then-Chair Alan Greenspan famously pushed his colleagues to keep interest rates low — just as the US president wants now.