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Kashkari Attributes Economic Strength To AI Investment
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Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, said on Jan. 14 in a virtual town hall that consumer spending and investments in AI and electrical infrastructure have kept the U.S. economy resilient. He added that inflation remains too high, the labor market is moving sideways with slowed hiring rather than widespread layoffs, and AI-related data-center buildouts could raise local energy costs.
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