Fed's Cook: AI Buildout Poses Major Inflation Risk in 2027
Federal Reserve Governor Lisa Cook stated on Thursday that the expansion of artificial intelligence infrastructure represents a significant inflation risk by 2027. She noted that the physical buildout is already contributing to inflationary pressures.
Federal Reserve Governor Lisa Cook said Thursday that the build-out of artificial intelligence poses a major inflation risk for 2027. In a discussion with New York Fed President John Williams, Cook said the physical buildout of AI is already adding inflationary pressure. Sever…