Federal Reserve's Williams stated that inflation remains high and the Fed must ensure that inflation continues to fall back to the 2.0% target level, and that the current monetary policy stance is appropriate. However, he believes there are encouraging signs that inflation may have peaked and expects inflation to gradually decline in the coming quarters: falling to 3.25% by the end of this year, then approaching the 2.0% target, and ultimately achieving that goal by 2028. Williams expects real

Federal Reserve’s Williams stated that inflation remains elevated, and the Federal Reserve must ensure that inflation continues to fall back toward the 2.0% target level, while the current monetary policy stance is appropriate. However, he believes there are encouraging signs that inflation may have peaked, and expects inflation to gradually decline over the coming quarters: falling to 3.25% by the end of this year, then moving toward the 2.0% target, finally achieving that goal by 2028. Williams expects actual GDP growth to remain between 2.0% and 2.25% this year and over the next two years. He anticipates the unemployment rate will edge down slightly to around 4.0%, noting that the labor market has shown resilience and stability.