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SF Fed president: AI demand could extend energy shock
Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Axios. Why it matters: The Fed can usually look through supply shocks that come and go. Daly's concern is that AI, tariffs and higher energy costs could last longer than expected or compound each other — keeping inflation…