Fed’s Goolsbee says data center buildout ‘overheating’ economy
Summary
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said the AI data center buildout is adding to demand in the economy. He said the expansion is overheating the economy and putting upward pressure on prices.Key Facts
- Austan Goolsbee is president of the Federal Reserve Bank of Chicago.
- Goolsbee made the remarks on Monday.
- He said the AI data center buildout is starting to resemble old-fashioned demand overheating.
- Goolsbee said the buildout is putting upward pressure on prices.
- He described the buildout as overheating the economy.
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