【Federal Reserve Williams: Expect further rate cuts】Golden Finance reports that John Williams, president of the Federal Reserve Bank of New York, stated on Monday that as inflation pressures continue to ease, the Federal Reserve may further lower its interest rate targets. Williams made the remarks during a meeting at the Queens Chamber of Commerce in New York, saying: "Monetary policy remains in a restrictive range to support a sustainable return of inflation to the 2% target." Looking ahead, "I expect that over time, continuing to shift towards a more neutral policy setting will be appropriate," Williams said, adding that the policy path will depend on data. If we've learned anything in the past five years, it's 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 the interest rate target at this month's FOMC meeting.