Federal Reserve Williams said he welcomed the fading consumer inflation data, but said that this positive news is not enough to push the Federal Reserve to cut interest rates recently. It is important not to overemphasize the latest economic news, but the April inflation slowdown “is a positive development after disappointing data for the previous few months.” The “overall trend looks pretty good” as inflationary pressure gradually abates. But he is still uncertain whether price pressure will continue to move closer to the 2% target until interest rates are lowered. He also said that there is no need to tighten monetary policy now, which curbs speculation that the Federal Reserve may need to raise interest rates further to reduce inflation to an ideal level.