Williams: The Federal Reserve doesn't need to rush to raise interest rates, it may need to raise rates again before the end of the year

New York Fed President Williams stated that the Fed does not need to act hastily after its September meeting and will wait for more economic data to determine policy. Williams expects that if the economy meets expectations, the target range for the federal funds rate may need to be raised before the end of the year to push inflation back to the 2% target. Williams expects the US inflation rate to be around 3.5% this year and return to the target level by 2028; This year, the US economy is growing by about 2.25%, and next year the unemployment rate will be about 4%. (Source: Jin Shi)