BlockBeats News, April 11th, during a speech on economic outlook and monetary policy, FOMC permanent voter and New York Fed President Williams stated, "It is expected that tariffs will boost inflation, restrain economic growth, and the Fed's monetary policy stance is in the best position to manage these risks to the best of our ability. In uncertain times, consumers may delay major decisions such as buying a house or a car, and businesses may postpone investment until they have a better understanding of the future. When households and businesses cut back on spending, economic growth slows. As February data showed inflation still above target, the Fed keeping rates at a level that moderately restrains the economy is correct. The current moderately tight monetary policy stance is entirely appropriate. In times of turbulence and uncertainty, maintaining good long-term inflation expectations is crucial to ensuring price stability. As we pursue our dual mandate of maximum employment and returning inflation to our 2% longer-run goal, preserving inflation expectations is vital."
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