On November 6, Fed's Williams stated that the U.S. labor market is exceptionally stable and solid, with astonishing economic resilience and strengthened growth. Inflation is too high and has been too high for too long, and must be brought down to 2% in a timely manner. Energy prices are being reflected in airfare prices as expected, and AI's impact on prices such as chips is limited. The transmission process of tariff impacts has largely passed.