Odaily Planet Daily News: Fed's Williams said that given the progress made in reducing inflation and cooling the job market, it is appropriate for the Fed to cut interest rates now. The Fed has made "significant progress" in achieving its dual goals of maintaining price stability and full employment, and the risks of achieving these two goals have entered a "balanced" state. Williams expressed more confidence that inflation is continuing to move toward the central bank's 2% target, adding that the labor market is unlikely to be a source of future price pressures. While Williams did not disclose the size of the central bank's first rate cut, he said officials could shift policy to neutral. Over time, it depends on the evolution of the data, the outlook, and the risks of achieving our goals. (Jinshi)