Fed divided on interest rates as AI spending raises fresh inflation concerns

Wall Street Journal chief economics correspondent Nick Timiraos says Federal Reserve officials increasingly see the AI infrastructure boom as a new source of inflation pressure that could keep interest rates higher.

Wall Street Journal Chief Economics Correspondent Nick Timiraos joins Maria Bartiromo to break down the latest Federal Reserve minutes. Fed officials are expressing concerns that the massive AI infrastructure build-out is a new source of persistent inflationary pressure. With a 2% target, the debate continues on how much longer the Fed will wait before raising interest rates.