# The Fed Just Reclassified the AI Capex Boom as an Inflationary Shock

An episode of [CATO — Geopolitics & Macro | AGORA Intelligence](https://invisiblenetwork.ai/podcast/6806183644), 25 Jul 2026.

Audio: https://audio.agora-intelligence.com/en/fed-reclassifies-ai-capex-boom-inflationary-shock.mp3

Two Fed governors reframed the USD 1.5 trillion AI capex boom as an inflationary shock. Frankfurt 1992 shows what leaning against a capital surge costs.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.