FED'S GOOLSBEE: EVIDENCE OF MORE PERSISTENT INFLATION MIGHT COME FROM SUSTAINED PRICE INCREASES IN CORE SERVICES, WEALTH-DRIVEN SPENDING AMONG MORE AFFLUENT HOUSEHOLDS, AND WAGE HIKES IN OCCUPATIONS TIED TO ARTIFICIAL INTELLIGENCE INVESTMENT

2026-05-07

FED'S GOOLSBEE: EVIDENCE OF MORE PERSISTENT INFLATION MIGHT COME FROM SUSTAINED PRICE INCREASES IN CORE SERVICES, WEALTH-DRIVEN SPENDING AMONG MORE AFFLUENT HOUSEHOLDS, AND WAGE HIKES IN OCCUPATIONS TIED TO ARTIFICIAL INTELLIGENCE INVESTMENT