Cleveland Fed's Hammack says AI spending is fueling inflation, warns rate hikes may be needed
Beth Hammack cited "insatiable" demand for AI infrastructure as a price pressure and said higher rates may be required to bring inflation back to target
Overview
Beth Hammack cited "insatiable" demand for AI infrastructure as a price pressure and said higher rates may be required to bring inflation back to target
Source
Originally published at qz.com.
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