Reported about 22 hours ago
Federal Reserve Bank of New York President John Williams stated that the economic effects of trade tariffs are just starting to emerge. While the current economic state is solid, he cautioned against complacency, predicting a rise in inflation and potential slowing of growth due to tariffs. Williams expects inflation to increase by 1% due to tariffs and anticipates a decrease in unemployment rates by year-end. He emphasized the need for a cautious approach in monetary policy while assessing the evolving economic landscape.
Source: YAHOO