Investing.com -- Federal Reserve Bank of New York President John Williams said Monday that policymakers share more agreement on the central bank's current stance than last week's Federal Open Market Committee vote indicated.

Speaking in New York, Williams said disagreement among policymakers naturally increases during periods of uncertainty and economic change. Despite multiple opposing votes against the Fed maintaining an easing bias last week, Williams said consensus on the current policy position remains strong.

Williams noted substantial shifts in U.S. labor force growth and said the job market break-even point may now range between zero and 50,000 jobs per month. He added that the labor market continues to perform well.

The New York Fed president said longer-term inflation expectations have remained stable, which he described as encouraging. He stated that a balanced job market is helping contain inflation, and the Fed's role is to ensure inflation expectations stay steady. Williams added that tariff-based inflation should ease.

On interest rates, Williams said the neutral rate is likely higher than recent low readings, estimating 3% as the probable long-run federal funds rate.

Williams said he expects higher productivity growth in coming years from artificial intelligence. He also said no specific threshold exists that would signal government debt becoming a crisis.