Fed’s Barkin: US inflation pressure above my comfort level

Barkin's framing is notable less for the inflation read than for the distinction he draws: AI-driven activity can run hot without, in his view, tipping the economy into overheating. That gives policymakers room to treat AI investment as a supply-side story rather than a demand problem that demands a policy response. The open question is whether that distinction holds if price pressure stays above comfort while AI capex keeps accelerating — and whether other Fed officials adopt the same logic.