Fed's Williams Expects Policy Shift To Neutral Over Time

According to Odaily, Federal Reserve's Williams stated that shifting policy to a neutral stance over time is appropriate. He anticipates that the economy will allow the Fed to implement further rate cuts. Recent rate cuts by the Fed are expected to keep the economy robust. Williams projects the unemployment rate to be 4.25% this year and to maintain that level around 2025. He also mentioned that the future job market is unlikely to be a driving factor for inflation.