The Federal Reserve's Williams: Ready to start the process of cutting interest rates

The Federal Reserve Williams said it is ready to start the process of cutting interest rates, and monetary policy can adjust to a more neutral stance based on the data. Inflation is expected to be close to 2% next year, and inflation is expected to cool further. Inflation is expected to be 2.25% this year. The unemployment rate is expected to reach about 4.25% by the end of the year. The long-term expected unemployment rate will be stable at around 3.75%. Federal Reserve policy has been effective in restoring price stability.