[Federal Reserve's Williams Suggests No Reason for Rate Cuts in the Short Term] Jin10 News, January 13 – New York Fed President Williams on Monday projected that the U.S. economy will remain healthy through 2026 and suggested there is no reason for rate cuts in the short term. Williams stated that the FOMC has shifted monetary policy from a moderately restrictive stance closer to a neutral level. 'The current monetary policy is well-positioned to support labor market stability and drive inflation back to the 2% target,' he said. Williams emphasized that it is crucial for the Federal Reserve to 'avoid unnecessary risks to the job market' while bringing inflation back to the 2% target. He added, 'In recent months, as the labor market has cooled, downside risks to employment have increased, while upside risks to inflation have diminished.' Williams expects GDP growth this year to be between 2.5% and 2.75%, with the unemployment rate stabilizing this year and declining in subsequent years. Regarding inflation, he anticipates price pressures to peak in the first half of this year at between 2.75% and 3%, with the annual average falling back to 2.5%, and returning to 2% by 2027.