Federal Reserve's Williams: Long-term economic trends in the United States support keeping neutral interest rates low

Federal Reserve's Williams stated that the long-term economic trend in the United States supports maintaining a low neutral interest rate, with the pre-pandemic long-term trend still intact. He hopes that the inflation rate can stabilize and return to the 2% target, and will further observe the economic situation from July to September. Policymakers predict that the neutral interest rate has risen from around 2.5% before the pandemic to about 2.8%. The core of this discussion is at what level interest rates may be maintained once the inflation rate rises to 2%. On July 30th to 31st, the Federal Reserve will hold a policy meeting