US Economy Shows Cracks Beneath AI Boom; Fed Risks Policy Mistake: Economist
William Lee, Chief Economist at Global Economic Advisors, stated that the US economy is exhibiting "a lot of cracks" despite the strength of the AI boom, with high interest rates negatively impacting interest-sensitive sectors like housing and construction.
William Lee, Chief Economist and Managing Director at Global Economic Advisors, said the US economy is showing “a lot of cracks” beneath the strength of the artificial intelligence (AI) boom, with high interest rates hurting housing, construction and other interest-sensitive sectors. He said the st…