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Big drivers of inflation right now are energy prices, AI driven demand: KC Fed's Schmid
Seeking Alpha ·
Seeking Alpha reports: Big drivers of inflation in the economy right now are energy prices and the demand that AI is driving with things like data centers and semiconductors, according to the Federal Reserve Bank of Kansas City President Jeffrey Schmid. Schmid was speaking on "The Federal Reserve, Monetary Policy, and Rural and Agricultural Development" in fireside chat before the Enid Regional Development Alliance Luncheon. "When it comes to the prices of goods, those prices are being…