Fed’s Williams sees AI supply squeeze lasting beyond 2 years
Summary
Federal Reserve official John Williams expects the supply constraints driven by artificial intelligence technology to continue for more than two years. At the same time, he reiterated his perspective that the central bank might implement another interest rate hike before the year concludes.
New York Fed President John Williams’ comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.