Fed’s Williams: Tariffs' effect on inflation could be significant

Dhwani Mehta FXStreet

More comments flowing in from the New York Fed President, John Williams, as he continues to speak at the Swiss National Bank (SNB) -International Monetary Fund Conference in Zurich.

"The US economy and monetary policy are both in a good place".

"We are close to reaching our goals".

"First quarter GDP provided mixed messages".

"Fed is constantly assessing the situation".

"Need to get inflation to 2% and keep it there".

"US economy is 'steaming through the current patch".

"Central bank adheres to the mantra of data dependency".

"US data has been better than expected".

"But notes that there are downside risks to global growth".

"Tariffs are like a negative supply shock".

"Tariffs' effect on inflation could be significant".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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