Federal Reserve Schmid: The recent fall in energy prices may be temporary. The current policy position of the Federal Reserve is not restrictive. Inflation is “too high” and “worrying.” Investments in artificial intelligence are driving up inflation, and the Federal Reserve should not ignore this.

Federal Reserve Schmid: The recent fall in energy prices may be temporary. The current policy position of the Federal Reserve is not restrictive. Inflation is “too high” and “worrying.” Investments in artificial intelligence are driving up inflation, and the Federal Reserve should not ignore this.