According to CoinMeta, Federal Reserve Chairman Jerome Powell's colleague James Bullard stated that the latest government inflation reports indicate that the underlying trends have not improved, which is "a bit concerning." Of particular note is that price pressures seem to be spreading and are no longer limited to energy prices or fields related to artificial intelligence ( AI ). He pointed out, "Inflation in the service sector has not declined, and it is likely that this is not mainly driven by oil prices, tariffs, or other factors that could be temporary. Therefore, we are facing a real and evolving inflation problem that must be addressed." Bullard is worried that these inflation pressures could evolve into overall economic overheating, with the prices of various goods and services rising faster than the set inflation target of 2%.