Dallas Fed’s Logan: Energy-Driven Inflation a Bigger Worry Than Growth

The framing matters more than the headline: a regional Fed president treating energy costs and AI-driven demand as the dominant inflation risk, not growth, quietly shifts the policy debate. If that view gains traction, the cost of capital that tokenized real-world assets and crypto infrastructure depend on stays higher for longer. The tension worth watching is that Logan simultaneously bets AI will lift productivity — a disinflationary force over time — while citing AI buildout as inflationary now. Which effect policymakers weight first is the open question for RWA and digital-asset markets.