Federal Reserve "Three Musketeers" Williams: US economy strong, rate cut needs more data

New York Fed President Williams of the Federal Reserve Bank stated that the U.S. economy is moving in the right direction, but he refused to disclose when he might lean towards cutting interest rates. He emphasized that the decision to cut interest rates will depend on the upcoming economic data. Williams expects inflation to continue to weaken, with supply and demand approaching a balance. Despite a slowdown in employment, the economy and labor market remain strong. Fed officials have lowered their expectations for the magnitude of interest rate cuts this year, expecting one rate cut. Williams stated that the most important thing is to make the right decision, regardless of political factors