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Williams: No reason to cut interest rates in the short term, expected GDP growth between 2.5% and 2.75%
GateNews
ChainCatcher reports that, according to Jinshi, New York Federal Reserve President Williams expects the U.S. economy to remain healthy through 2026 and hints that there is no reason to cut interest rates in the short term. He stated that the current monetary policy conditions are favorable, helping to support labor market stability and pushing inflation back to the 2% target. Williams forecasts this year’s GDP growth to be between 2.5% and 2.75%, with the unemployment rate remaining stable. Inflationary pressures are expected to peak between 2.75% and 3% in the first half of the year, and to decline to an average of 2.5% for the full year.
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