Federal Reserve's Williams: Positive news such as inflation data is still not enough to prompt the Fed to cut interest rates in the near term

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams expressed welcome towards the weakening consumer inflation data, but these positive messages are not enough to prompt the Federal Reserve to cut interest rates in the near term. It is important not to overemphasize the latest economic news, but the slowdown in inflation in April "is a positive development following disappointing data in previous months." The "overall trend of easing inflationary pressures looks quite good." However, he remains uncertain whether price pressures will continue to converge towards the 2% target before lowering interest rates.

Williams also stated that there is no need to tighten monetary policy at this time, which curtails speculation that the Federal Reserve may need to raise interest rates further to bring inflation down to the desired level.