Fed's Williams (voter), when pressed, says Fed has not said it is done raising rates, but has made "incredible progress on monetary policy"

Will raise rates again if needed.
Don't see any reason to cut rates this year.
Not seeing a wage-price spiral today.
Structural shifts will not impair the Fed's work to return to the inflation target.
Possible US economy has more underlying strength; risks to both up and downside.
Seeing signs of further tightening of credit; expects credit contractions will affect economic growth.
Doesn't see tighter credit knocking the economy totally off course.
Tighter credit may blunt how far the Fed goes with rate hikes.
Wage growth has slowed, but has now stabilised at a high level, suggesting labour market is still very strong (AHE are currently running at a 6% annualised rate, Powell said at the FOMC he wants wage growth to get to 3%).
Acute phase of banking stress is likely over.
Falling rent inflation will weigh on CPI.
Fed is very focused on commercial real estate (CRE) risks.