Federal Reserve Williams said today that it is not in a hurry to cut interest rates; the timing of interest rate cuts will be determined by economic data. “Monetary policy is in good shape,” he said. Our interest rate levels are gradually driving towards achieving our goals. So I definitely don't feel the urgency of cutting interest rates.” Market expectations for the Fed to cut interest rates declined further this week, after Powell hinted that policymakers would wait longer than previously anticipated to cut interest rates. Williams also said on Thursday that the interest rate hike was not his basic expectation, but if economic data guarantees meeting the Federal Reserve's inflation target, it is still possible to raise interest rates. Earlier this week, in an interview, he said that if inflation continues to gradually fall, the Federal Reserve may start cutting interest rates this year.