TechFlow, December 15 — According to Jinshi Data, Federal Reserve's Williams said that the cooling labor market and easing inflation risks provided the basis for the Fed's decision to cut rates last week. Williams made his first public comment on the recent rate cut. He stated he is increasingly confident that price increases will continue to slow. Williams noted that inflation is "temporarily lingering" above the Fed's target, but believes it may keep declining as the impact of tariffs is absorbed by the broader economy next year. At the same time, he said that while employment conditions have not deteriorated sharply, they are gradually cooling, a trend reflected in official data as well as consumer and business surveys. Williams added that taken together, these changing pressures on the Fed's dual economic mandate supported last week's rate-cutting decision.
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