Woofun AI reports that Fed's Williams stated current inflation remains elevated at approximately 4%, necessitating continued efforts to achieve the 2% target through appropriate monetary policy. He projects overall inflation will decrease to roughly 3.25% by year-end, continuing its descent through 2027 to hit the 2% goal in 2028. Real GDP growth is anticipated at 2% to 2.25% this year and for the subsequent two years, while the unemployment rate is expected to gradually fall to 4% by 2028. Williams noted the U.S. economy exhibits steady growth and labor market resilience, though Middle East supply disruptions and unpredictable AI investment impacts pose risks to the economic outlook.