[New York Fed President Williams: U.S. Household Wealth Gap May Influence December Rate Cut Decision] On November 10, New York Fed President Williams stated that data and conversations with community leaders indicate that many impoverished households are facing a payment crisis. The wealth gap among U.S. households may influence whether he supports the Federal Reserve's rate cut in December. He pointed out that current inflation remains high with no signs of easing, the economy shows certain resilience, the labor market is gradually cooling but has not undergone drastic changes, and compared to the beginning of the year, no one is truly discussing a recession at this time.