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AI Fuels Inflation as Fed Debates Rates | San Antonio News
The Fed is sounding the alarm on AI-driven inflation, as skyrocketing demand for chips and data centers forces tech giants to hike prices on everything from laptops to consoles. Fed officials, including Chair Kevin Warsh, are warning that this tech surge could keep pushing inflation higher — especially for gadgets and electricity — even as recent data shows a slowdown. Warsh dismisses the positive numbers as misleading and has launched a new task force to scrutinize the Fed’s inflation metrics, AI’s impact on jobs, and its massive bond holdings. When pressed on whether inflation is here to…
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