[Federal Reserve's Williams: Slowing Employment and Eased Inflation Risks Support Rate Cut Decision] Federal Reserve's Williams stated that the cooling labor market and eased inflation risks provided the basis for the Fed's rate cut decision last week. Williams is increasingly confident that price increases will continue to slow down. Although inflation remains 'temporarily' above the Fed's target, it may continue to decline as the impact of tariffs is absorbed by the economic system next year. Williams pointed out that while employment conditions have not deteriorated sharply, they are gradually cooling, and these factors supported last week's rate cut decision.