According to Jinshi data reports, Federal Reserve's Williams stated that he is unwilling to support interest rate cuts before this month's FOMC meeting, as tariffs may push up inflation. He pointed out that the new trade barriers of the Trump administration have increased the costs of consumer goods, and prices are expected to continue rising in the future.

Williams mentioned that the price increases of goods such as home appliances, musical instruments, and suitcases exceeded expectations. He believes that, considering the risks of accelerated inflation in 2025, the Federal Reserve should take a cautious approach to lowering the benchmark interest rate and maintain a moderately restrictive monetary policy stance.

Williams expects that by the end of 2025, the unemployment rate will rise to 4.5%, the inflation rate will reach 3.5%, and this year's economic growth rate will be about 1%, significantly slowing compared to last year.