Fed’s Hammack Links “Insatiable” AI Demand to Inflation: Rate Hikes on the Table?

Cleveland Federal Reserve President Beth Hammack said that insatiable demand for artificial intelligence (AI) infrastructure could be inflationary. Hammack, a voting member of the Federal Open Market Committee (FOMC) this year, warned that interest rates may need to rise if broader price pressures do not ease. Why the Cleveland Fed Chief Sees Higher Rates on