Odaily Planet Daily News: According to Williams from the Federal Reserve, given the progress in reducing inflation and cooling the job market, it is appropriate for the Fed to cut interest rates now. The Fed has made "significant progress" in achieving the dual goals of maintaining price stability and full employment, and the risks of achieving these two goals are now in a "balanced" state. Williams expressed more confidence that inflation is steadily moving towards the central bank's 2% target, adding that the labor market is unlikely to be a source of future price pressures. Although Williams did not disclose the magnitude of the Fed's first rate cut, he stated that officials could shift policy towards neutrality. Over time, this depends on the evolution of data, prospects, and the risks of achieving our goals. (Jinshi)