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The Zhitong Finance App learned that the Federal Reserve is increasingly aware that the artificial intelligence (AI) boom is boosting inflation. This leaves Federal Reserve officials with a problem: to reduce the price pressure amplified by the AI industry, which is comprised of well-known companies such as Amazon, Apple, and Anthropic, they may have to cool down other sectors of the economy. And these giants were relatively less affected by interest rate hikes.
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The Zhitong Finance App learned that the Federal Reserve is increasingly aware that the artificial intelligence (AI) boom is boosting inflation. This leaves Federal Reserve officials with a problem: to reduce the price pressure amplified by the AI industry, which is comprised of well-known companies such as Amazon, Apple, and Anthropic, they may have to cool down other sectors of the economy. And these giants were relatively less affected by interest rate hikes.
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