On the 16th local time, John Williams, the Governor of the Federal Reserve Bank of New York, stated that it is appropriate for the US monetary policy to remain at a “moderate tightening” state at present. This provides space for the Federal Reserve to observe economic trends, assess risks, and adjust policies. He warned that the economic impact of Trump’s administration increasing import tariffs has only just begun to emerge, ”
It is expected that inflation will rise by about 1 percentage point in the second half of the year and into early next year.
Williams predicted that the US economy will slow down to 1% this year, with the unemployment rate rising from the current 4.1% to 4.5% by the end of the year, and the inflation rate is expected to remain between 3% and 3.5% throughout the year.