Fed's Musalem says AI capex boom is driving demand pressure, with about half of inflation from persistent demand

St. Louis Fed President Alberto Musalem said the AI capital-expenditure boom is generating demand pressure, with productivity gains and "supply relief" not yet apparent, and that about half of current inflation comes from persistent demand pressure. He added the economy is very strong now, but that strength is predicated on continued growth.

Detected & updated continuously · Source: Nebula