Goolsbee says progress needed to get back to rate cutting path, Semafor reports
Reuters2026/10/13 11:13Oct 13 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said that there needs to be some progress to get back on the kind of rate-cutting path the US Federal Reserve had been on, Semafor reported on Tuesday.
Artificial intelligence is an inflation problem, and inflation tied to the AI boom is "jumping out of its lane" and starting to push up prices in unrelated corners of the economy, Goolsbee told Semafor in an interview.
(Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)
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