[Federal Reserve's Williams: Current Monetary Policy Is Appropriate to Address Short-Term Inflation Risks] Jin10 Data, March 31 – New York Fed President Williams stated on Monday that the current monetary policy stance is appropriate and sufficient to address the risks of short-term inflation. He noted that the Middle East war could trigger supply shocks, simultaneously driving up inflation and suppressing economic activity. The related impacts have already begun to emerge, with signs of supply chain disruptions. Although the uncertainty surrounding the inflation outlook is 'very high,' rising energy prices will push overall inflation higher in the coming months; if the conflict ends and oil prices fall, some of the increases may reverse. Williams did not suggest any imminent adjustments to monetary policy. In his speech, Williams stated that he expects the U.S. economy to grow by approximately 2.5% this year, with an inflation rate reaching 2.75%, before falling back to the target level of 2% next year. He also mentioned that unemployment rates are expected to decline this year and next. Williams' outlook on inflation and employment is more optimistic than that of most of his Federal Reserve colleagues.