Jerome Powell says you’re right to blame data centers for making your bills more expensive: ‘probably pushing inflation up’

Fed Chair Jerome Powell acknowledged that the AI-fueled data center boom is contributing to inflation, pushing back on the popular argument that the productivity gains from artificial intelligence should be bringing prices down already

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https://fortune.com/2026/03/19/jerome-powell-ai-data-centers-causing-inflation-electricity-bills-affordability/

Jerome Powell says you’re right to blame data centers for making your bills more expensive: ‘probably pushing inflation up’

Electricity prices due to the investment into AI could spike, analysts have warned.

Fortune