Fed’s Williams Expects AI Supply Squeeze to Persist Beyond Two Years
New York Fed President John Williams expects an AI-related supply squeeze to last more than two years and says another rate increase may be needed this year.
New York Federal Reserve President John Williams expects supply pressures linked to artificial intelligence to continue for more than two years, according to Cointelegraph.
Williams also reiterated his position that the US central bank could need one additional interest-rate increase this year.
His remarks paired an outlook for prolonged AI-related supply constraints with the possibility of further monetary tightening, rather than a confirmed rate decision.
Source: Cointelegraph
