[Federal Reserve's Williams: Current policy is slightly restrictive, room for rate cuts remains in the near term] Federal Reserve's Williams stated that the current policy is slightly restrictive, and there is still room for rate cuts in the near term. He pointed out that tariffs have driven up prices but are not expected to cause sustained inflation; economic growth has slowed, and the labor market is gradually cooling; inflation progress has stalled, but it is expected to achieve the 2% target by 2027.