Fed's Cook warns AI inflationary push is top 2027 risk

US Federal Reserve governor Lisa Cook cited AI's inflationary impact as a primary concern heading into 2027, after the Fed raised rates by 0.25 points last month when inflation stood at 3.4%. Indian AI builders should expect tighter global credit conditions and watch enterprise spending discipline—capex budgets for AI infrastructure may tighten.

Source: ET Tech ↗