Federal Reserve "Three Musketeers" Williams: It is appropriate to lower interest rates now

William Williams, President of the Federal Reserve Bank of New York (enjoying permanent voting rights in the FOMC and known as the "third in command" of the Federal Reserve), stated in his speech that the economy is currently in a balanced state, with the inflation rate moving towards 2%. Therefore, he believes that it is appropriate to reduce the restrictiveness of the policy stance by lowering the target range for the federal funds rate. Subsequently, Williams mentioned in his discussion that he hopes to study the August non-farm payroll report more carefully, pointing out that the latest data "is consistent with what we have been seeing all along - a slowing economy and a cooling labor market." Williams later told reporters that the employment data further confirms the cooling of the labor market. He stated that he has no idea whether the Fed should cut rates by 25 or 50 basis points