- The economy started the year on a solid footing
- Sees unemployment rising to 4.5% to 5% this year
- Expects growth to slow to 1% this year
- Very important to keep inflation expectations anchored
- Modestly restrictive mon pol is totally appropriate
- Tariffs are a huge driver of uncertainty
It’s nice to see him putting some numbers on it
Fed’s Williams: Tariffs will boost inflation to between 3.5% to 4% this year