Federal Reserve Bank of New York President John Williams said interest rates are "well positioned" even as demand driven by artificial intelligence puts upward pressure on inflation. "I am confident that these investments will support strong productivity growth in coming years. But, right now, we're in a race between available supply and surging demand," Williams said on Wednesday in remarks prepared for an event in New York. Still, he said, "the current stance of monetary policy is well positioned" to bring inflation back toward the Fed's 2% goal. "Inflation is unquestionably too high," Williams added. "But there ... (full story)