According to Jinshi, Fed Chairman Williams said recently that the Fed has made great progress in balancing inflation and employment goals, but he added that there is no need to cut interest rates "in the short term." Williams said, "There is no obvious need to adjust policy in the short term. As we collect more data, we will be able to assess whether we are confident that inflation will return to 2%. Eventually, interest rate cuts will be needed, and restarting interest rate hikes is not the basic forecast view."