Chicago Fed's Goolsbee warns AI boom may stoke US inflation and delay rate cuts
- —Goolsbee: AI price pressures are spreading beyond data centers
- —Demand for power, construction, land and equipment is driving up costs
- —Persistent inflation could keep Fed policy tight for longer
- —Goolsbee worries this is 'demand overheating' in the traditional sense
Why it matters: The prospect of prolonged Fed tightening weighs on risk assets, including bitcoin and the broader crypto market.
Source: PANews
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