Federal Reserve board of governors member Lisa Cook stated on September 28, 2026, that increasing demand for artificial intelligence is contributing to inflationary effects across the economy. Speaking at the Oakland Tech Week conference, Cook highlighted that prices for AI-related products, such as chips, computers, and software, have risen significantly in recent months.
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Fed's Cook Discusses AI Demand and Inflationary Impacts
Lisa Cook, a member of the Federal Reserve board of governors, indicated that the demand for artificial intelligence is causing broader inflationary impacts during her speech at the Oakland Tech Week conference. She pointed out that prices for AI-related goods have increased notably.
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Original Headline
Fed’s Cook says AI demand ‘broadening’ to increase inflation
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Fed's Cook Discusses AI Demand and Inflationary Impacts