Federal Reserve's Williams: Employment slowdown and easing inflation risks support rate cut decision

According to Jinshi reports, Federal Reserve's Williams stated that the cooling labor market and easing inflation risks provided the basis for the Fed's decision to cut interest rates last week. He pointed out that price increases will continue to slow down, although inflation remains above the Fed's target. Williams mentioned that as the impact of tariffs is absorbed by the economy, inflation may continue to decline. 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 decision to cut interest rates.