Goolsby: US inflation is at a dangerous juncture; we need to be wary of worsening inflation and overheated demand for AI.

Chicago Federal Reserve President John Goolsby said that the U.S. inflation situation is at a dangerous juncture, with the CPI rising for the second consecutive month in October, and persistent price pressures in the service and healthcare sectors. Goolsby points out that the Federal Reserve is distinguishing between the impact of supply-side shocks and the effects of excessive AI-related demand. Currently, AI-related inflation is mainly concentrated in the technology and related industries. If the excessive demand caused by data center construction spreads to the overall economy, it will become a problem. (Source: Yahoo Finance)