AI Infrastructure Boom Threatens Rate Cuts: Cleveland Fed’s Beth Hammack Warns Hikes Remain Possible
Cleveland Federal Reserve President Beth Hammack has issued a stark warning regarding the inflationary impact of the artificial intelligence (AI) boom. Speaking at the European Central Bank Conference in Sintra, Portugal, Hammack suggested that the insatiable demand for AI infrastructure is actively keeping price pressures high. Consequently, she warned that further interest rate hikes could … Read more




