Koc anticipates ongoing inflation driven by AI growth and higher oil prices

Lisa Cook, a member of the U.S. Federal Reserve Board of Governors, expects inflationary pressures to persist in the coming months due to demand related to artificial intelligence and rising oil prices, even though there is no current need to raise interest rates further. She noted that the labor market remains flexible and that current inflation is around 3.8%, double the 2% target. She also emphasized that the impact of the AI boom in reducing inflation will become apparent in the medium term, but it won't quickly alleviate the current inflationary pressures. There are also expectations of more potential interest rate hikes in the future to combat ongoing inflation and rising oil prices.

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