More from NY Fed Pres. Williams:Large AI investments in US are affecting global demand for capitalPeople don’t like high inflationGetting inflation to 2% as soon as we can is right2% inflation target is a very good compromise, serves us wellPowerful that everyone knows Fed’s inflation targetIndependence of Fed is incredibly importantEvidence is compelling that independent central banks make unpopular short-term decisions that pay offLoss of central bank independence has had horrible consequences for inflation in other countriesIf Fed gets it right, that’s good for global economy.AI is the next stage in advances in productivity growth. There will be some issues with AR regarding labor market This article was written by Greg Michalowski at investinglive.com.