According to CoinMeta, Beth Harkem, the president of the Cleveland Federal Reserve, stated at an event in Columbus, Ohio, that inflation is developing in the wrong direction and that interest rates need to be raised to combat it. She pointed out that in the face of demand pressures brought about by investments in artificial intelligence, the Federal Reserve needs to shift its policy to a more restrictive stance to help bring inflation down to the target of 2%. Harkem emphasized that the latest data shows that inflation has "indeed stagnated" and said that if no action is taken, inflationary trends may begin to take root. Last month, when the Federal Reserve decided to keep interest rates unchanged in the range of 3.75%-4%, Harkem was one of the officials who disagreed with that decision.