Williams: Supports further interest rate cuts, focuses on labor market risks

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams stated that he supports further interest rate cuts this year, despite inflation rates deviating from the central bank's 2% target. He is concerned about cracks in the labor market and believes it is necessary to prevent further deepening. Williams pointed out that the slowdown in monthly job growth and companies' hesitance to hire are worth noting. He stated that the Federal Reserve has the flexibility to support the labor market, expects the impact of inflation to fade over time, and mentioned that he would support rate cuts if the economy develops as expected.