According to Odaily, Federal Reserve official Williams has stated that the cooling labor market and easing inflation risks justified the Fed's decision to cut interest rates last week. This marks his first public comment on the rate cut decision. Williams expressed growing confidence that price increases will continue to slow down. He noted that inflation remains temporarily above the Fed's target but believes it may decrease as the impact of tariffs is absorbed by the broader economy next year. Meanwhile, he mentioned that although employment conditions have not deteriorated sharply, they are gradually cooling, as reflected in official data and surveys of consumers and businesses. Williams concluded that these changes in pressures on the Fed's two main economic goals supported last week's rate cut decision.