On December 20, Federal Reserve official Williams stated in an interview with CNBC that the Fed has begun to consider how future fiscal policies will affect the economy. There is a lot of uncertainty about future fiscal policy and inflation. He has already included some considerations regarding trade and immigration impacts. Williams said that recent data is consistent with the Fed's economic forecasts, the economic situation is good, but he expects growth to slow down to 2.0% next year. The Fed will have to rely on data when formulating policies, and although current policies are in good shape, they are somewhat restrictive.