Fed's Williams: Tariffs are expected to increase inflation and slow economic growth

PANews reported on April 11 that according to Jinshi, Williams of the Federal Reserve predicts that tariffs will drive up inflation and suppress economic growth, and states that the Fed's monetary policy stance is "in the best position to manage these risks to the best of our ability." He said, "During of uncertainty postpone major decisions such as buying a house or car,, businesses may delay investments until they have a better understanding of the future," "When households and businesses cut spending back on spending, slow down." As February data shows inflation remains above the target, Williams said that keeping interest rates at a level that moderately suppresses the economy is correct. "The current moderately tight monetary policy stance is entirely appropriate," he stated. Williams also said: "During turbulent and uncertain times, good long-term inflation expectations are crucial to ensuring continued price stability," "As we pursue our maximum employment goal and long-term goal of bringing inflation back to 2%, expectations is is critical."