FED'S GOOLSBEE WARNS AI BOOM COULD FUEL BROADER U.S. INFLATION

Chicago Fed President Austan Goolsbee warns that AI-driven price pressures are spreading beyond data centers, raising concerns about overheating in the U.S. economy.

Surging demand for electricity, construction, land and equipment is pushing up costs across other industries.

Goolsbee cautioned that persistent inflation could force the Fed to maintain tighter monetary policy or raise rates further.

“I'm getting increasingly nervous that that's just straight, old-fashioned overheating demand.”