Federal Reserve Williams said that bond yields are important information for the Federal Reserve to assess economic conditions. The recent rise in yield is mainly driven by strong economic performance, optimistic economic prospects, and strong investment demand. There is also some connection with the Middle East conflict, but at present, the yield does not seem to be clearly affected by the inflation outlook. Williams stressed that the Federal Reserve will comprehensively consider all economic data, and its ultimate responsibility is still to stabilize prices, and reducing the inflation rate to 2% is the top priority; tariffs and the Middle East war are the main factors that currently have higher inflation than the target, but no secondary inflationary effects have been seen. Inflation expectations are still under control. Recent inflation data is encouraging, and the overall trend is declining, but inflation in the service sector is still clearly high. He said that the labor market is stable and still stable, and needs to push inflation back to 2% in the foreseeable future. He hopes to further observe and analyze economic data before making the next policy decision, and will continue to gather information for the next FOMC meeting. Williams said he supports the decision of the July FOMC meeting, believing that the current interest rate level is appropriate and that the implementation of monetary policy is progressing smoothly.

Federal Reserve Williams said that bond yields are important information for the Federal Reserve to assess economic conditions. The recent rise in yield is mainly driven by strong economic performance, optimistic economic prospects, and strong investment demand. There is also some connection with the Middle East conflict, but at present, the yield does not seem to be clearly affected by the inflation outlook. Williams stressed that the Federal Reserve will comprehensively consider all economic data, and its ultimate responsibility is still to stabilize prices, and reducing the inflation rate to 2% is the top priority; tariffs and the Middle East war are the main factors that currently have higher inflation than the target, but no secondary inflationary effects have been seen. Inflation expectations are still under control. Recent inflation data is encouraging, and the overall trend is declining, but inflation in the service sector is still clearly high. He said that the labor market is stable and still stable, and needs to push inflation back to 2% in the foreseeable future. He hopes to further observe and analyze economic data before making the next policy decision, and will continue to gather information for the next FOMC meeting. Williams said he supports the decision of the July FOMC meeting, believing that the current interest rate level is appropriate and that the implementation of monetary policy is progressing smoothly.