Fed's Williams: We're happy to see inflation slowing, but not enough to prompt an interest rate cut in the near future

PANews reported on May 16 that according to the Golden Ten report, Federal Reserve Chairman Williams said that he welcomed the weakening consumer inflation data, but said that these positive news were not enough to prompt the Federal Reserve to cut interest rates in the near future. It's important not to overemphasize the latest economic news, but the slowdown in inflation in April "is a positive development after disappointing data in previous months." "The overall trend of easing inflationary pressures looks pretty good." But he is still not sure whether price pressures will continue to move closer to the 2% target before lowering interest rates. He also said there was no need to tighten monetary policy now, tamping down speculation that the Fed may need to raise interest rates further to bring inflation down to desired levels.