Bloomberg Surveillance · Friday, July 10, 2026
New York Fed President John Williams has adopted a hawkish tone, suggesting that artificial intelligence is a more significant inflationary concern than oil prices. This statement is notable given his previous dovish stance.
“At the same time, to the degree that we are hearing anything, it is increasingly hawkish. Even New York FED President John Williams yesterday came out and he has been actually pretty dubbish for the past couple of meetings, and he came out sounding really hawkish, saying that the inflationary problem is not necessarily just tied to oil prices, but AI is his bigger inflationary concern.”