[Federal Reserve's Williams: One More Rate Hike Possible This Year, But No Urgency to Act] BlockBeats News, September 30 – John Williams, President of the New York Federal Reserve, stated that after the rate hike during the September meeting, the Federal Reserve does not need to rush into further action and can wait for more economic data to determine the next policy direction. Williams mentioned that if economic developments align roughly with his expectations, it might be necessary to further raise the federal funds rate target range by the end of the year to bring inflation back to the 2% target more promptly. However, he emphasized that this is merely his personal forecast, and the final decision will depend on future data performance. Williams noted that with steady economic growth and a strong labor market, inflation pressures will remain a key focus of monetary policy. He stressed that the Federal Reserve must ensure inflation does not persist at elevated levels due to shocks and must avoid the formation of secondary inflation effects. He pointed out that this year's inflation pressures have been influenced by factors such as tariffs from the Trump administration and rising energy prices due to Middle East conflicts, as well as increased price pressures driven by investments in artificial intelligence. Williams expects the U.S. inflation rate to reach approximately 3.5% by the end of this year, then gradually decline, returning to the target level by 2028. He also forecasts U.S. economic growth of about 2.25% this year, with an unemployment rate of approximately 4% next year. He noted that factors such as immigration, population aging, and limited productivity growth constrain the long-term growth potential of the economy. (Jin10)