Federal Reserve Governor Lisa Cook said spending tied to artificial intelligence and data centers is slowing the path of inflation back to the Fed’s 2% target. According to the brief statement cited by Techub News, Cook said the rapid rise in AI and data center investment is already affecting the broader economy. She added that this wave of spending could keep inflation at a higher level for longer. The remarks point to capital expenditure linked to AI infrastructure as one factor complicating the inflation outlook. No additional policy guidance, timeline, or market details were provided in the source item.
Federal Reserve Governor Lisa Cook said spending related to artificial intelligence and data centers is delaying inflation’s return to the 2% target, according to Techub News.
Cook said the rapid growth in AI and data center investment is affecting the economy and could keep inflation higher for longer.
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