Fed's Williams: Expect unemployment rate to edge down gradually to 4% in 2028

Current Stance Of Monetary Policy Is Well Positioned To Do That Inflation Is Unquestionably Too High At About 4% Encouraging Reasons To Expect That Inflation Has Peaked And Should Edge Down In Coming Quarters Expect Overall Inflation To Decline To Around 3.25% By Year-End, Continue Toward Our 2% Goal In 2027 And Land On Target In 2028 Medium- And Longer-Term Inflation Expectations Remain Well Anchored Expect Real GDP Growth To Be Around 2%-2.25% This Year And Over The Next Two Years Expect Unemployment Rate To Edge Down Gradually To 4% In 2028 Full Effects Of The AI Investment Surge On Growth, Employment, And Inflation Are Hard To Predict Supply Disruptions Stemming From The Middle East Conflict Continue To Be A Source Of Risk To The Outlooks For Both Growth And Inflation Growth In The Economy Is Solid And On Trend, And The Labor Market Is Likewise Solid And Stable While Effects Of Middle East Conflict Pose Significant Risks, US Economy So Far Has Absorbed These Events Fairly Well Labor Market Showing Signs Of Resilience And Stability