Jennifer Lee Says Falling AI Stocks Could Help Fed Fight Inflation

BMO Capital Markets senior economist Jennifer Lee said AI-stock losses could ease the Fed’s inflation fight by cooling data-center building and corporate borrowing demand. She spoke on Bloomberg This Weekend on November 1, according to BeInCrypto. The Nasdaq-100 entered its third correction of 2026 last week; BitMine Chairman Tom Lee tied crypto’s decline to the risk-off move, noting ETH fell 13% from its recent peak versus 20% for US semiconductors. Lower rates could support Bitcoin and Ethereum, though the Fed held rates at 3.75% to 4% on October 28 after a 25-basis-point hike on September 16. Two officials voted for another hike; Lee said December tightening sounded like a foregone conclusion.