Fed’s Goolsbee Says AI Data Centers Look Like ‘Old-Fashioned Overheating’247wallst.com· 4d
24/7 Wall St. reports that Chicago Fed President Austan Goolsbee said on November 9, 2026 that the AI data center build-out looks like "old-fashioned overheating," calling inflation the Fed's big problem and noting demand-driven inflation persists until rates cool it, though he did not say how he leans on a December hike. The article ties the AI-spending question to stock moves, 84% futures odds of a December hike, and upcoming October CPI, and expects a hike if core CPI tops 0.2%.
