BlockBeats news, September 30: New York Fed President John Williams said the Fed does not need to rush to act again after raising rates at its September meeting and can wait for more economic data to determine the direction of the next policy step. Williams said that if economic developments broadly match his expectations, further increases in the target range for the federal funds rate may be needed before the end of the year to help bring inflation back to the 2% target in a more timely manner. But he stressed that this is only his personal forecast and that the final decision will depend on future data. Williams said that with economic growth remaining solid and the labor market performing well, inflationary pressure will continue to be the focus of monetary policy. He said the Fed must ensure that inflation does not remain persistently high due to shocks and must avoid the formation of second-round inflation effects.He pointed out that this year's inflationary pressure has been affected by Trump's tariff policy and rising energy prices caused by Middle East conflicts, while artificial intelligence investment has also pushed up some price pressures. Williams expects U.S. inflation to reach about 3.5% by the end of this year, then gradually decline and return to the target level in 2028. Williams expects U.S. economic growth of about 2.25% this year and an unemployment rate of about 4% next year. He said immigration factors, population aging, and limited productivity growth constrain the economy's long-term growth space. (Jinshi)