Fed's Logan: Immigration restrictions could hurt Texas labor force, AI investment near-term inflationary
Dallas Fed President Lorie Logan expressed concern over immigration restrictions impacting the Texas labor force, stated AI investment demand is real and has near-term inflationary effects, and voiced optimism about long-term productivity gains from AI.
Dallas Federal Reserve Bank President Lorie Logan voiced concerns about the Texas labor market due to immigration restrictions.
Logan stated that AI investment demand is "big, real" and has near-term inflationary effects. She is "very optimistic" about the long-term productivity gains from AI.
The remarks highlight a tension between current inflationary pressures from technology investment and potential future economic benefits.
Source: First Squawk