[Federal Reserve's Cook: AI Demand and Rising Oil Prices Will Continue to Push Inflationary Pressures Higher] According to a report by Jinse Finance, on September 29, Federal Reserve Governor Lisa Cook stated that U.S. inflation will continue to face pressure in the coming months, primarily driven by the growth in demand related to artificial intelligence, rising oil prices, and supply chain disruptions caused by conflicts in the Middle East. However, she did not explicitly indicate the need for further interest rate hikes. Cook noted that the labor market currently has the "capacity to withstand rising interest rates," and the extent and frequency of future monetary policy adjustments will depend on how the economy responds to policy actions, as well as inflation and employment data in the coming months. She mentioned that as of August, the 12-month overall inflation rate in the U.S. was approximately 3.8%, still significantly above the Federal Reserve's 2% target. Cook pointed out that demand stemming from AI infrastructure development will continue to add short-term inflationary pressure. Although productivity gains driven by AI may bring some deflationary effects in the medium term, they will not occur quickly enough this year to offset current inflationary pressures. She stated that there is currently no clear evidence that AI is reshaping the labor market, but the Federal Reserve is closely monitoring the risk of a potential temporary rise in unemployment caused by AI. Cook also remarked that if the labor market is impacted by AI in the future, the Federal Reserve's ability to respond would be limited, as cutting interest rates to support employment could further exacerbate inflation.