Fed's Lisa Cook sees AI inflationary push as a top 2027 risk

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 02 Oct, 16:29 UTC

Cook joined a unanimous vote last month at the Fed to raise the policy rate by a quarter of a point to support a "timelier" return of inflation to the Fed's 2% goal. Inflation by the Fed's targeted measure was 3.4% in August and has been above the goal for more than 5-1/2 years.