The Federal Reserve Williams said the U.S. economy is in good shape with GDP expected to grow by 2% in 2025 and 2026. The economic outlook is highly uncertain due to the impact of government policies. The U.S. unemployment rate should remain between 4% and 4.25%. The Federal Reserve has made significant progress in reducing inflation; Monetary policy is fully prepared to meet the Fed's objectives; Moderately restrictive policies should bring inflation down to 2%; Inflation is expected to remain around 2.5% this year and 2% in the coming years.