Fed Vice Chair Williams revealed that the institution is prepared to initiate a lowering cycle, a move aimed at adjusting monetary policy based on the latest economic data to achieve a more neutral stance. He forecasts that inflation levels will likely approach the 2% target within a year, while the current inflation rate is 2.25%. He expects the unemployment rate to fall to around 4.25% by the end of the year. In the long term, Williams predicts the unemployment rate will stabilize around 3.75%. He stated that the Fed’s policies have made significant progress in restoring price stability.