Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor market as they steer cautiously toward a potential policy easing later this year. "I expect interest rates to come down gradually over the next couple of years, reflecting the fact that inflation is coming back to our 2% target and the economy is moving in a very strong sustainable path," New York Fed President John Williams said on Tuesday in an interview on the Fox Business television channel. But he declined to say when that could ... (full story)