Several Federal Reserve officials continue to downplay the urgency of rate cuts

Federal Reserve's "third in command" Williams stated that inflation will continue to fall, and interest rates will drop in the next few years; Richmond Fed Chairman Barkin believes that a scenario of cutting interest rates once and then keeping them unchanged may be reasonable; Boston Fed Chairman Collins pointed out that the Federal Reserve should not overreact to one or two months of optimistic data, possibly cutting interest rates once or twice this year; Federal Reserve Governor Kugler stated that long-term neutral real interest rates do not particularly help policy-making, lowering interest rates later this year is appropriate; Dallas Fed Chairman Logan said it would take "a few more months" to have confidence that inflation is moving towards 2%; St. Louis Fed Chairman Musalem: It might take "several quarters" before we see data supporting a rate cut.