【Federal Reserve's Williams: Further Rate Cuts Expected】Golden Finance reports that John Williams, President of the New York Federal Reserve, stated on Monday that as inflationary pressures continue to ease, the Federal Reserve may further lower its interest rate targets. Speaking at a meeting of the Queens Chamber of Commerce in New York, Williams said, "Monetary policy remains in a restrictive range to support a sustainable return of inflation to the 2% target." Looking ahead, "I expect it will be appropriate to continue to move towards a more neutral policy setting over time," Williams stated, adding that the policy path will depend on the data. If there is one thing we have learned in the past five years, it is that the outlook remains highly uncertain. Williams did not provide clear guidance on the timing of rate cuts or whether he believes the Federal Reserve will lower its interest rate targets at this month's FOMC meeting.