Fed's Williams backs another rate cut this year
- Does not believe the economy is on the verge of a recession
- Slowdown in jobs and firms' hesitancy to hire warrants attention
- My view is that tariffs have increased imported goods prices
- But don't see any signs of second-round effects that could amplify effects of tariffs on inflation
- Underlying inflation seems to be moving gradually towards 2%
- It is appropriate for rates to go back to neutral setting