John Williams: There is no need for the Federal Reserve to adjust interest rates in the short term

New York Fed President John Williams stated that the Fed's current monetary policy is within an appropriate range and there is no reason to raise or lower interest rates in the short term. He believes that stabilizing long-term inflation expectations is crucial for price stability, and the impact of tariffs on inflation has been largely released, requiring continued monitoring of changes in price pressures. He also mentioned that the labor market has not pushed up prices and there is no sustained inflationary inertia in the market. He believes that the strength of the US stock market is related to the optimistic economic outlook and expectations of technological progress, and affirms the good operation of the Federal Reserve's liquidity management system.