Fed’s Goolsbee says data center buildout ‘overheating’ economy

Fed’s Goolsbee Says Officials Must Address Inflation Failure

Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers need to tackle a potential overheating in the economy from the artificial intelligence build-out and a broadening of inflation pressures.

Fed’s Goolsbee says data center buildout ‘overheating’ economy

Chicago Fed President Austan Goolsbee warns that the AI data center buildout is overheating the economy and driving up prices.

Fed's Goolsbee Warns AI Boom Risks Overheating, Barkin Urges Caution on Rates - ActionForex

Chicago Fed President Austan Goolsbee warned that the artificial intelligence investment boom was increasingly resembling conventional demand overheating, adding to inflation pressures that policymakers have yet to bring under control. Speaking at an event in Chicago on Monday, Goolsbee said, “We’ve got to come to terms with this cost side and inflation side failure in […] The post Fed’s Goolsbee Warns AI Boom Risks Overheating, Barkin Urges Cau…

Fed rate hike may not be ‘one and done’ if AI boom fuels inflation

Six months into Federal Reserve Chairman Kevin Warsh’s promised “regime change” at the U.S. central bank, his policymaking colleagues find themselves navigating an unexpected post-midterm crossroads of affordability, artificial intelligence-driven economic shifts, and mounting monetary policy…