Reported 2 days ago
John Williams, President of the Federal Reserve Bank of New York, stated that the Federal Reserve's current restrictive monetary policy is justified as he anticipates tariffs will increasingly impact inflation in the coming months. He predicted a potential rise in inflation by one percentage point due to tariffs and emphasized the importance of an independent central bank for economic stability. Despite a weakening dollar, Williams reassured that the US dollar's reserve currency status remains intact.
Source: YAHOO