SF Fed’s Daly Warns AI-Driven Power Demand Could Prolong Energy Shock for the Fed
San Francisco Federal Reserve President Mary Daly said surging artificial intelligence investment could keep energy demand elevated and make inflationary shocks last longer than policymakers would like. Her remarks add a fresh complication to the Federal Reserve’s rate outlook, as officials weigh whether persistent cost pressures from energy, tariffs and technology spending warrant tighter policy for longer.
