Fed’s Logan: Investment demand for AI is big, real and near-term inflationary

  • Very optimistic on long-term productivity improvements from AI
  • Even with conservative estimates, electricity prices from data centers likely to be a source of modest inflationary pressure
  • Increase in oil exports has come from inventories, not production
  • Even if oil prices stay high, constraints like gas takeaway capacity may keep producers from hiking output

Logan remains a hawk.

This article was written by Adam Button at investinglive.com.

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