1 of 1
Story summary
- Federal Reserve Bank of Chicago President Austan Goolsbee warned AI-related investments are adding to inflation.
- He said AI-tied inflation is “jumping out of its lane.”
- He warned overheating demand could threaten the economy.
- The Federal Reserve (Fed) raised rates in September, its first increase in three years.
- Futures markets expect another rate hike later this month, according to Reuters.
