BlockBeats News, December 16, Federal Reserve President Williams stated that the cooling of the labor market and easing inflation risks provided the basis for the Fed's rate cut last week. Williams publicly commented on the rate cut decision for the first time.He stated that he is increasingly convinced that price increases will continue to slow. Williams said that inflation is currently "paused" above the Fed's target, but he believes that as the impact of tariffs is absorbed by a broader economic system next year, inflation may continue to decline.At the same time, he noted that although the employment situation has not sharply deteriorated, it is gradually cooling down, as reflected in official data as well as consumer and business surveys. Williams stated that overall, the changing pressures on the two major economic goals of the Fed supported last week's rate cut decision. (FXStreet)