Lisa Cook, Federal Reserve Governor: AI Has Become an Inflationary Issue

Source link: Lisa Cook, Federal Reserve Governor: AI Has Become an Inflationary Issue. Cook of the Federal Reserve warned that the AI boom is driving up prices, and that AI has become an inflationary issue. She also said that signs of progress must emerge before a return to the previously pursued path of interest rate cuts is possible. These remarks were made in an interview with Semafor. Source site: Safir Arjan

The Fed's Goolsby says inflation remains too high. He cites the artificial intelligence boom as a factor to boost prices Wells Fargo Bank (WFC) Q3 2026 Earnings Report: Actual Earnings Per Share (EPS)…………. 1.87 forecast…………1.84 actual quarterly REVENUE…………$21.87 billion forecast………..$22.31 billion

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The Fed's Goolsby says inflation remains too high. He described the boom of artificial intelligence as a factor for increasing prices and artificial intelligence itself as an inflationary issue. Goolsby also said there would need to be some signs of progress to return to the path of interest rate cuts previously followed.