New York Fed President Williams: If inflation continues to decline, the Fed may start cutting interest rates this year

According to Jin10, New York Fed President Williams said that if inflation continues to gradually decline, the Fed may start to lower interest rates this year. He believes that monetary policy is in good shape and consumers and the overall economy continue to be strong. He stressed that a process needs to be initiated at some point to return interest rates to more normal levels, a process that could begin this year. Williams also said that while the Fed has made great progress in balancing its inflation and employment goals, there is no need to cut interest rates in the short term.