Fed’s Logan Finds More Inflation Drivers in West Texas

Federal Reserve Bank of Dallas President Lorie Logan doesn’t have to look far to see evidence of reigniting price pressures.

On a recent trip to El Paso, in the far western stretches of her district, the race to build artificial intelligence data centers is setting off a scramble for workers, and raising wages in the process. The impact is also felt in the Mexican manufacturing juggernaut of Juarez, which fans out south of El Paso from the Rio Grande. In an area that’s seen tariffs and trade uncertainties cause other investment to stall, the AI buildout has been a boon ...