Fed Vice Chair Says AI Infrastructure Push Adds to Inflation Pressures
Federal Reserve Vice Chair Philip Jefferson said the AI infrastructure buildout is adding to U.S. inflationary pressures, while the technology may deliver productivity gains over time.
Federal Reserve Vice Chair Philip Jefferson has warned that the massive artificial intelligence infrastructure buildout is adding to inflationary pressures in the U.S. economy, even as the technology promises to deliver substantial productivity gains over time.Speaking at the University of Californ…