Fed’s Goolsbee says data center buildout ‘overheating’ economy

AI Summary

Federal Reserve Bank of Chicago President Austan Goolsbee warned that the AI data center buildout is adding enough demand to overheat the economy and push prices upward. His remarks highlight potential inflationary pressure from large-scale technology infrastructure investment.

Austan Goolsbee, the president of the Federal Reserve Bank of Chicago, said Monday that the data center buildout is “overheating” the economy and putting upward pressure on prices. “Now this stuff with the AI data center buildout is, to my eye, starting to look more just like old-fashioned demand overheating,” Goolsbee told Subrina Hudson of…