Chicago Fed President Warns of Economy Overheating Due to AI Buildout

• Austan Goolsbee, President of the Federal Reserve Bank of Chicago, warns of an overheating economy due to the AI data center buildout.
• Goolsbee describes the situation as 'old-fashioned demand overheating'.
• The AI buildout is putting upward pressure on prices, according to Goolsbee.
• Policymakers need to address the inflation and cost side failure in the mandate.
• Goolsbee's comments were made during a speech in Chicago on Monday.