Federal Reserve board member Lisa Cook says rising AI demand is pushing up prices for chips, computers and software, with economy-wide implications.
Published
Federal Reserve board of governors member Lisa Cook said Monday that increasing demand for artificial intelligence is creating broader inflationary impacts across the economy. During a keynote at the Oakland Tech Week conference, Cook noted that prices for AI-related goods—including chips, computers and software—have surged in recent periods. The statement marks one of the most explicit acknowledgments from a Fed official that AI demand is contributing to price pressures beyond the technology sector itself. The comments come as the Fed continues to weigh inflation risks against economic growth concerns, with AI infrastructure spending accelerating across industries. Cook's remarks suggest policymakers are tracking how compute-intensive technologies are reshaping cost structures throughout the economy, potentially complicating the path toward stable interest rates.
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