Fed's Austan Goolsbee says AI buildout is raising prices
The Chicago Fed's president warned that AI-linked inflation is moving well beyond normal limits, and Goldman Sachs has measured its share.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Federal Reserve Bank of Chicago president Austan Goolsbee told Semafor that inflation tied to the AI data center buildout is moving outside its normal range. Goldman Sachs economists then calculated how much the AI boom has contributed to inflation. In a Yahoo Finance interview, Goolsbee discussed how large a role AI plays in the overall health of the US economy.
Why it matters
They also point to AI's role in the overall strength of the US economy.
Timeline
- Oct 13, 7:01 PM ET: Goolsbee told Semafor that AI-linked inflation is moving outside its normal range.
- Oct 14, 7:18 AM ET: Goldman Sachs economists published calculations of how much the AI boom has added to inflation.
- Oct 14, 4:00 PM ET: Goolsbee discussed AI's role in the US economy's health in a Yahoo Finance interview.
Coverage
- Austan Goolsbee Says The Economy Could Survive Without The AI Boom (The Wealth Advisor)
- Without AI, how strong is the US economy? Fed's Goolsbee explains (Yahoo News)
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