<\/p>\n
Federal Reserve (Fed)<\/span><\/a> Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in <\/span>US economic data<\/span><\/a> as tariffs continue to take root.<\/span><\/p>\n Tariffs will boost inflation to between 3.5% to 4% this year.<\/span><\/p>\n The economy is beset by very high levels of uncertainty.<\/span><\/p>\n Tariffs and trade key drivers of huge uncertainty.<\/span><\/p>\n Modestly restrictive monetary policy is totally appropriate.<\/span><\/p>\n Fed policy is well positioned for what lies ahead.<\/span><\/p>\n Current US monetary policy allows the central bank space to react.<\/span><\/p>\n I remain fully committed to getting inflation back to 2%.<\/span><\/p>\n Longer-term inflation expectations are anchored, we must maintain that.<\/span><\/p>\n I expect growth to slow considerably to 1% this year.<\/span><\/p>\n There’s an unusually wide array of outcomes that lie ahead for the economy.<\/span><\/p>\n The economy started the year on solid footing.<\/span><\/p>\n I see the jobless rate rising to between 4.5%-5% this year.<\/span><\/p>\n The key question is if higher inflation spills into 2026.<\/span><\/p>\n There is still quite a bit of uncertainty about tariffs, but there are more details.<\/span><\/p>\n How other countries respond to tariffs is a big issue.<\/span><\/p>\n The key is not to overreact to any one point of data.<\/span><\/p>\n The soft data has weakened a lot, but hard data has held in so far.<\/span><\/p>\n Survey data has weakened, spending data has held up.<\/span><\/p>\n Current economy is not in stagflation. This isn’t the 1970s.<\/span><\/p>\n The economy is not having stagflation, but new government policies are having a big impact.<\/span><\/p>\n The best answer to stagflation risk is to achieve Fed’s goals.<\/span><\/p>\n Inflation expectations are anchored.<\/span><\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":" Federal Reserve (Fed) Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root. Key highlights Tariffs will boost inflation to between 3.5% to 4% this year. The economy is beset by very high levels of uncertainty. Tariffs and […]<\/p>\n","protected":false},"author":2,"featured_media":376303,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,366,255,388,250,252,247,253,249,3206,256,254],"class_list":["post-388537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-tradewar","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=388537"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388537\/revisions"}],"predecessor-version":[{"id":388538,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388537\/revisions\/388538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/376303"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=388537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=388537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=388537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key highlights<\/span><\/h2>\n
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