Federal Reserve's Williams: Expects Tariffs to Push Inflation Rate to Between 3.5% and 4% This Year

Blockbeats
11 Apr

BlockBeats News, April 11: FOMC Permanent Voter and President of the New York Fed, Williams, delivered a speech on the economic outlook and monetary policy: The economy faces extremely high uncertainty. Tariffs and trade are significant sources of uncertainty. It is expected that tariffs will push this year's inflation rate to between 3.5% and 4%; every effort will be made to bring the inflation rate back to 2%. Economic growth is expected to slow significantly to 1% this year. The unemployment rate is expected to rise to between 4.5% and 5% this year. The key question is whether the inflation increase will last until 2026. (FXStreet)

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