Federal Reserve's Williams: A war with Iran would push up overall inflation; interest rates are currently at a perfectly appropriate level.

New York Fed President Williams stated that the impact of the Iran war will push up overall inflation, and the resulting inflationary factors will be directly reflected in overall inflation data. Taking energy factors into account, the inflation rate should be around 2.75%. The current focus is on overall inflation; core inflation has not changed significantly. Tariffs remain a significant factor in inflation, and overall inflation is expected to slow later this year. Monetary policy is currently in a favorable position, and a wait-and-see approach is advisable. Interest rates are currently at a perfectly appropriate level and can be adjusted if necessary. The labor market situation is quite complex, characterized by low hiring and low layoffs. (Jinshi)