NY Fed’s Williams: US economy shows ‘remarkable resilience’

Williams is framing the policy debate around a labor market whose downside risks have receded, which shifts the burden of proof onto inflation rather than employment — a notable tilt from a Fed official. The mention of AI as a source of fairly strong demand matters for crypto and RWA markets because it links the technology narrative to macro demand pressure, not just capex. Whether that demand reading feeds into the Fed's inflation assessment, and whether other officials echo the diminished-employment-risk language, is the open question.