Fed's Williams Says Fed Minutes Captured A 'Collective Reaction Function'; In Longer Run, AI Investment Will Be A Positive Supply Shock; Base Case Sees Broader Use Of AI That Boosts Productivity; We Will Get Inflation Back To 2%; Key To Look At Underlying Inflation Factors, Not Just A Specific Measure; Government Technical Changes Could Better Reconcile Pce Inflation And CPI Differences

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Fed's Williams Says Fed Minutes Captured A 'Collective Reaction Function'; In Longer Run, AI Investment Will Be A Positive Supply Shock; Base Case Sees Broader Use Of AI That Boosts Productivity; We Will Get Inflation Back To 2%; Key To Look At Underlying Inflation Factors, Not Just A Specific Measure; Government Technical Changes Could Better Reconcile Pce Inflation And CPI Differences | WAPE

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