Fed Williams: It is appropriate to shift policy to neutral over time
Fed Williams said it would be appropriate to shift policy to neutral over time; Inflation has not yet reached 2%, but is moving in the right direction; Fed decision-making will continue to rely on data; U.S. unemployment is expected to be 4.25% this year and remain there around 2025; The job market is unlikely to be an inflation driver in the future; The economy is expected to allow the Fed to cut interest rates further; U.S. GDP is expected to be between 2.25% and 2.5% in 2024, with an average of 2.25% over the next two years; The economy is solid and the labor market is in good shape.