Goolsbee Warns Inflation Data Complicate Fed Outlook
The Chicago Fed president said this week’s stronger-than-expected inflation readings were discouraging and flagged demand from AI data centres.
Key takeaways
- Goolsbee called this week’s stronger-than-expected consumer and producer inflation data discouraging.
- He said inflation driven by demand from AI data centres would be more concerning.
Federal Reserve Bank of Chicago President Austan Goolsbee said this week’s stronger-than-expected consumer and producer inflation readings were discouraging, according to Reuters. He made the comments in an interview with CNN on Thursday.
Goolsbee said he remained cautiously optimistic if price pressures came from temporary factors such as tariffs, Middle East conflicts and supply-chain disruptions.
Inflation driven by excessive demand would be more concerning, he said, pointing to the rapid expansion of AI data centres. Goolsbee said that kind of pressure could require a policy response.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
