WASHINGTON, DC – JULY 29: Federal Reserve Chair Kevin Warsh speaks during a news conference at Federal Reserve Headquarters on July 29, 2026 in Washington, DC. The press conference follows Federal Open Market Committee meetings where policymakers kept the interest rate unchanged. (Photo by Win McNamee/Getty Images)
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The Federal Reserve held interest rates steady this week, but AI is making those decisions increasingly difficult. Massive investment in data centers and power infrastructure is boosting demand today, while AI’s promised productivity gains could ease inflation in the future. This leaves policymakers caught between two opposing forces.
With money pouring into data centers, advanced chips, power plants and transmission networks...
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