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Chair flags near-20% April growth in AI-related CapEx and says supply effects remain uncertain
Summary
The chair highlighted strong business investment—particularly in high-tech and AI-related equipment and software—citing nearly 20% April growth and saying its effects on supply and prices are hard to predict.
The chair said "in the AI related category of high-tech equipment and software, the most recent data shows April growth rates of nearly 20%." He linked that surge to stronger manufacturing output but cautioned that the timing and magnitude of supply-side effects on prices remain difficult to predict.
Reporters and the chair discussed whether such sector-specific price pressures indicate a broader inflationary dynamic or are concentrated effects; the chair said the committee is trying to determine how broad those impacts are and will refine its judgment over the coming months with help from market signals and the task forces.
