New York Fed President John Williams said AI equipment supply could take more than two years to catch up with demand, which could add to inflationary pressure. He reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year. Williams explained that the buildout of AI infrastructure is pushing up chip prices and goods that use them. However, he estimated that investors in this sector remain relatively price insensitive and that monetary policy will probably not have a deep effect on AI investment.
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