According to Odaily Planet Daily, New York Federal Reserve President Williams pointed out that data and conversations with community leaders indicate that many poor families are experiencing a payment crisis. This so-called "division" among American families could be a key factor influencing their support for a December rate cut by the Federal Reserve.

Speaking about the decisions made at the December meeting, Williams said, "The essence of the current situation is—inflation is high and there are no signs of it falling, while the economy is showing some resilience." Although the US labor market is still "gradually cooling," there has been "no more dramatic shift." Unlike at the beginning of the year, "nobody is really talking about a recession now." The US economy is performing better than many, including Williams, feared. In April, he said Trump's tariffs could push inflation to 4% and reduce economic growth to "slightly below 1%." (Jinshi)