Fed's Williams: The current moderately restrictive policy stance is completely appropriate, and no clear interest rate cut expectations

Odaily Planet Daily News: New York Fed President Williams said that given the high uncertainty in monetary policy, the current moderately restrictive stance is "perfectly appropriate" against the backdrop of a solid job market and inflation slightly above the 2% target. He did not elaborate on his specific expectations for this year's policy path in his speech, but pointed out that the U.S. economic foundation was good in early 2025, and although the inflation cooling process was challenging, the job market itself was not a source of price pressure. He added that fiscal, trade policies and geopolitical developments still bring high uncertainty. (Jinshi)