TechFlow, November 21 — According to Jinshi Data, Federal Reserve's Williams stated that the Fed could cut interest rates "in the near term" without jeopardizing its inflation target. Speaking at an event prepared for the Central Bank of Chile, Williams acknowledged that progress on inflation has temporarily stalled, adding that it remains "crucial" for inflation to continue moving back toward the 2% long-term goal from its current level, which he estimates at around 2.75%. However, he said price pressures are expected to ease as the impact of tariffs is gradually absorbed by the economy without creating persistent inflationary pressure. Meanwhile, the labor market appears to be weakening, with the unemployment rate rising to 4.4% in September—a level comparable to the years before the pandemic. Williams emphasized that the Fed needs to achieve its inflation objective without posing excessive risks to the "maximum employment" goal. "I view current monetary policy as still modestly restrictive... Therefore, I believe there is room for further rate adjustments in the near term to bring the policy stance closer to a neutral range, maintaining balance between our two policy objectives."
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