<p>John Williams, President of the Federal Reserve Bank of New York (who holds a permanent voting seat on the FOMC and is regarded as the third-most powerful figure at the Federal Reserve): Inflation remains &#34;too high.&#34;
The market's expectation that oil prices will fall over the next 6 to 12 months is reasonable.
Monetary policy focuses on how energy prices affect inflation.
AI investment is a driver of inflation.</p>

<p>New York Fed President Williams stated that inflation remains too high and deemed the market's expectation of a decline in oil prices over the next 6-12 months as reasonable. Monetary policy will focus on the impact of energy prices on inflation, noting that AI investment is a driver of inflation</p>

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