The Federal Reserve Williams said it is ready to start the process of cutting interest rates, and monetary policy can adjust to a more neutral stance based on the data. Inflation is expected to be close to 2% next year, and inflation is expected to cool further. Inflation is expected to be 2.25% this year. The unemployment rate is expected to reach about 4.25% by the end of the year. The long-term expected unemployment rate will be stable at around 3.75%. Federal Reserve policy has been effective in restoring price stability.