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Fed’s Barkin urges rate policy caution, Goolsbee warns of inflation concerns as AI risks loom - The Economic Times
Richmond Fed President Tom Barkin emphasized the need for caution in managing inflation and its policy risks. He mentioned that inflation continues to pose the biggest challenge for the Federal Reserve's objectives. Chicago Fed President Austan Goolsbee highlighted the rapid AI investments potentially overheating the economy and exacerbating inflation. Policymakers are considering rate increases at the upcoming December meeting to address these inflation concerns.
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