Fed’s Williams said that it is crucial to understand that the dynamics of inflation are complex; inflation is expected to be around 3.75% this year; the inflation target of 2% is expected to be achieved by 2025; economic growth is expected to be less than 1% this year; and there are many uncertainties in the inflation outlook.
He also said that the stabilization of the unemployment rate is a striking development trend. It is expected that the unemployment rate will gradually rise to 4%-4.5%. (Jinshi)