AI data-center boom could push inflation into the wider economy

Semafor reports that prices for land, power, construction equipment and labor are soaring amid the AI data-center boom. Chicago Fed President Austan Goolsbee warns that the inflation could spill into the rest of the economy. Semafor’s interview with him also discusses whether hyperscalers care about interest rates and how the Fed should regard a world where robots do all the jobs.