John Williams said policymakers agree more on current stance than the recent FOMC vote indicated.
He highlighted labor market break‑even range now between 0 and 50,000 jobs per month amid shifting labor force growth.
Williams noted stable long‑term inflation expectations, easing tariff‑driven inflation, and projected a neutral rate around 3% long‑run.
He expects AI‑driven productivity gains and said no debt threshold currently signals a fiscal crisis.