"Monetary policy would need to respond to that," said Federal Reserve Bank of New York President John Williams.

NY Fed President John Williams projects inflation will fall as energy prices decline, potentially paving the way for easier Fed policy and a friendlier

Fed blames AI for a 3.4% rise in core inflation as of May 2026. Inflation at 3.8% in June priced at 50.7% YES.

Fed minutes reveal AI demand as a new inflation risk. Inflation below 3.6% in June at 2.1% YES.

The Federal Reserve’s June minutes showed AI demand driving inflation higher, leaving policymakers divided over future interest-rate hikes.

The Fed's June meeting minutes cited "AI-related price pressures" as one driver of higher core goods inflation.

New York Fed President Williams says inflation remains elevated at 3.5%, pushing the 2% target timeline to 2028 with implications for crypto and risk

New York Fed President John Williams warns AI-driven demand could push US inflation higher and potentially force interest rate hikes, rattling crypto

"Monetary policy would need to respond to that," said Federal Reserve Bank of New York President John Williams.