Fed worried about "disorderly fall in equity prices" due to AI, as well as risks from "high levels of corporate borrowing" "Some participants commented on stretched asset valuations in financial markets, with several of these participants highlighting the possibility of a disorderly fall in equity prices, especially in the event of an abrupt reassessment of the possibilities of AI-related technology. A couple of participants cited risks associated with high levels of corporate borrowing."(zerohedge)