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Lisa Cook Warns AI Demand Widening Inflation Pressures

By Drooid · Sep 29, 2026, 2:37 PM UTC · How we work

Summary

Story summary

Fed Governor Lisa Cook warned that AI-driven demand is widening inflation pressures.
She noted AI-related chips, computers and software prices surged over the past year.
Electricity and water costs each rose about 5% in the last year.
Core-goods prices are running above a 3% annual pace this year.
The Federal Reserve (Fed) lifted its policy rate 25 basis points to 3.75-4% in September, its first hike since 2023.

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Story summary

Fed Governor Lisa Cook warned that AI-driven demand is widening inflation pressures.
She noted AI-related chips, computers and software prices surged over the past year.
Electricity and water costs each rose about 5% in the last year.
Core-goods prices are running above a 3% annual pace this year.
The Federal Reserve (Fed) lifted its policy rate 25 basis points to 3.75-4% in September, its first hike since 2023.