Feds Williams: Tariffs are expected to increase inflation and slow economic growth

CoinRank News: Feds Williams expects tariffs to push up inflation and curb economic growth, and said the Feds monetary policy stance is in the best position to manage these risks as best we can. He said, In times of uncertainty, consumers may delay making major decisions, such as buying a home or a car, and businesses may postpone investment until they have a better understanding of the future. When households and businesses cut spending, economic growth will slow. With February data showing that inflation was still above target, Williams said the Fed was right to keep interest rates at a level that moderately suppressed the economy. The current moderately tight monetary policy stance is entirely appropriate, he said. Williams also said: In times of turbulence and uncertainty, good long-term inflation expectations are essential to ensuring continued price stability. Maintaining inflation expectations is critical as we pursue our maximum employment goals and restore inflation to our long-term goal of 2%. (Jinshi)