Federal Reserve Williams: Expected tariffs to exacerbate inflation and slow economic growth

According to a report by Jin Shi, Fed's Williams predicts that tariffs will push up inflation and suppress economic growth, and stated that the Fed's monetary policy stance is "in the best position to manage these risks to the best of our ability." He said, "In times of uncertainty, consumers may delay making major decisions, such as buying a house or a car, and businesses may delay investing until they have a better understanding of the future." "When households and businesses cut spending, economic growth will slow down." As February data showed inflation still above target, Williams said that it was correct for the Fed to maintain interest rates at a level that moderately suppresses the economy. The current moderate tightening monetary policy stance is completely appropriate, "he said. Williams also said, "In turbulent and uncertain times, good long-term inflation expectations are crucial to ensuring sustained price stability," "Maintaining inflation expectations is crucial as we pursue our long-term goals of maximum employment and restoring inflation to 2%