Williams: The soft labor market prompts me to support a rate cut, with the actual neutral interest rate estimated at 0.75%

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams stated on Monday that the initial signs of weakness in the labor market prompted him to support a rate cut at the recent Federal Reserve meeting. He believes that "it makes sense to slightly lower interest rates" and stated that "moderately easing some tightening measures" would help boost the job market and exert some downward pressure on the still elevated inflation levels. In addition, his model estimates the actual neutral interest rate at 0.75%, but emphasizes that policy is data-driven.