Chicago Fed President GOOLSBEE said AI data-center construction is exhibiting
classic demand-overheating characteristics and that rising energy prices are
transmitting into services, broadening inflationary pressures. He said central
banks typically need to act proactively against overheating. GOOLSBEE described
the U.S. labor market and growth as broadly stable but said the principal
economic problem remains elevated inflation. He will be an FOMC voter in 2027.
