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Finance & Markets

Odd Lots: Fed’s Goolsbee Is Worried About Overheating (Podcast)

Inflation remains high and the 2% target is further away than it was this time last year. There are signs all over that the economy is overheating — the strange labor market where hiring and firing remains low, while GDP is growing, but mostly due to AI and the data center buildout — and Chicago Federal Reserve Bank President Austan Goolsbee is worried about how uncertain central bankers are…

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

The AI Rally Cools as Fed Chair Warsh Eyes Rate Hikes: Here’s Why

Building AI infrastructure isn’t just mildly expensive. Big tech is being bled dry by the soaring upfront costs of securing chips and building data centers.

  • AI market rally cools as Fed Chair Warsh warns of rate hikes
  • Expensive AI infrastructure costs not translating to profits
  • Fed Chair signals potential rate hikes, dampening tech stock optimism

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