ME news, December 15 (UTC+8), Federal Reserve's Williams stated that the cooling of the labor market and easing inflation risks provided the basis for the Fed's interest rate cut decision last week. Williams publicly commented for the first time on last week's rate cut decision. He expressed that he is increasingly confident that price increases will continue to slow down. Williams mentioned that inflation is "temporarily" above the Fed's target, but he believes that as the impact of tariffs is absorbed more broadly by the economic system next year, inflation may continue to decline. Meanwhile, he stated that although employment conditions have not deteriorated sharply, they are gradually cooling down, as reflected by official data as well as consumer and business surveys. Williams indicated that overall, these changes in pressures on the Fed's two main economic goals supported last week's rate cut decision. (Source: ME)