Inflation in Europe

Fed’s Goolsbee warns AI boom fuels inflation

Chicago Fed President Austan Goolsbee warned that AI-related investment may be fueling broad, demand-driven inflation rather than a temporary price shock, saying persistent inflation could require the Fed to resume raising rates. His comments may influence expectations but do not determine policy, while a Goldman analysis cited by ZeroHedge also identified AI as a major contributor to inflation exceeding its forecast.

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