Fed's Williams: The current moderately restrictive policy stance is completely appropriate, and no clear interest rate cut expectations
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Planet Daily News: Federal Reserve Bank of New York President Williams stated that considering the high uncertainty of monetary policy, the current moderately restrictive stance is "completely appropriate" against the backdrop of a solid labor market and inflation slightly above the 2% target. He did not specify his specific expectations for the policy path this year, but noted that the U.S. economic foundation is good in early 2025, and while the process of cooling inflation is challenging, the labor market itself is not the source of price pressures. He added that fiscal, trade policies, and geopolitical developments still bring high uncertainty. (Jintian)
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