Fed's Williams: Still believes there is room for rate cuts in the near term

Federal Reserve official Williams stated that he still believes there is room for near-term rate cuts; tariffs have pushed up prices, but he does not expect them to lead to sustained inflation; given the current slightly tight policy, the Fed can still cut rates in the near term; economic growth has slowed and the labor market is gradually cooling; inflation progress has stalled, but it should be on track to reach the 2% target by 2027.