Federal Reserve's Williams: Slowing employment and easing inflation risks support interest rate cuts decision

ChainCatcher News, according to Jinshi reports, Federal Reserve Williams stated that the cooling of the labor market and easing inflation risks provided the basis for the Fed’s interest rate cut decision last week. He pointed out that price increases will continue to slow, although inflation remains above the Fed’s target. Williams mentioned that as the impact of tariffs is absorbed by the economic system, inflation may continue to decrease. At the same time, although employment conditions have not deteriorated sharply, they are gradually cooling, as reflected in official data and surveys. Overall, these factors support last week’s rate cut decision.