Federal Reserve Williams said that the current inflation rate remains high, and the Federal Reserve must ensure that the inflation rate continues to fall back to the target level of 2.0%, and the current monetary policy stance is in an appropriate state. However, he believes there are encouraging signs that inflation may have peaked, and he expects inflation to gradually decline in the next few quarters: drop to 3.25% by the end of this year, then move closer to the 2.0% target, and eventually reach the target in 2028. Williams expects real GDP growth to remain between 2.0% and 2.25% this year and the next two years. He expected the unemployment rate to fall slightly to around 4.0%, and pointed out that the labor market has shown resilience and stability.

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