Williams: Supports Further Rate Cuts, Focuses on Labor Market Risks

ChainCatcher news, according to Golden Ten Data, Federal Reserve's Williams stated that he supports further interest rate cuts this year, despite inflation deviating from the central bank's 2% target. He expressed concerns about cracks appearing in the labor market and believes it is necessary to prevent them from deepening further. Williams pointed out that the slowdown in monthly employment growth and companies' hesitancy in hiring are worth noting. He said the Federal Reserve has the flexibility to support the labor market, expects the impact of inflation to fade over time, and stated that if the economy develops as expected, he will support rate cuts.