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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About Austan Goolsbee
Austan Dean Goolsbee is an American economist. He is the president of the Federal Reserve Bank of Chicago and the Robert P. Gwinn Professor of Economics at the University of Chicago's Booth School of Business. He was the chairman of the Council of Economic Advisers from 2010 to 2011 and a member of President Barack Obama's cabinet. He served as a member of the Chicago Board of Education from 2018 to 2019.
Everything about Austan Goolsbee →- Occupation
- economist
- Position held
- Council of Economic Advisers, Chair of the Council of Economic Advisers
- Citizenship
- United States
- Born
- August 18, 1969