Your Power Bill Rose 10% in Two Years, and a Fed Official Just Voted to Raise Rates Because of Data Centers
About This Episode
CPI data released August 12 shows household electricity prices rose 10% over two years against a 6.2% rise in overall prices, and the AI buildout has moved from a tech story into the Federal Reserve's rate debate. Three Fed officials dissented in July in favor of a hike, with Minneapolis Fed President Neel Kashkari naming data-center investment as a new demand element in American inflation. The men building the machines promised prices would collapse; so far the bill has gone the other way.
Our Take
Silicon Valley promised that AI would make everything cheaper, but the first thing it made more expensive was the electricity in your house — and the Federal Reserve is now debating whether to raise your borrowing costs to offset it.
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