Fed’s Williams sees AI supply squeeze lasting beyond 2 years

New York Fed President John Williams said the AI-driven supply squeeze could persist for more than two years and reaffirmed that the Fed may need to raise interest rates once more this year. The prospect of another hike keeps borrowing costs elevated, which typically pressures risk assets including crypto. Traders should watch for any follow-through in rate expectations, as a more hawkish Fed path can weigh on bitcoin and altcoin prices.