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Federal Reserves Logan: The scale and timing of AI-driven productivity gains remain uncertain.Federal Reserves Logan: Texas labor market is under pressure due to immigration restrictions, which is worrying.Federal Reserves Logan: He is very optimistic about the long-term productivity gains from artificial intelligence. However, current strong and real demand for AI investment will likely create short-term inflationary pressures.Federal Reserves Logan: Even by the most conservative estimate, rising electricity prices driven by data center demand could become a new source of mild inflationary pressure.Federal Reserves Logan: Even if oil prices remain high, constraints such as natural gas transportation capacity may hinder producers from increasing output.