Federal Reserve's Williams: Slowing employment and easing inflation risks support the decision to cut interest rates

According to ChainCatcher, citing Golden Ten Data, Federal Reserve's Williams stated that the cooling labor market and easing inflation risks provided the basis for the Fed's rate cut decision 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 supported last week's rate cut decision.