New York Fed president: Tariff impact expected to raise U.S. inflation by 1 percentage point.

On the 16th local time, John Williams, president of the New York Federal Reserve Bank, stated that it is appropriate for the current US monetary policy to be maintained in a "moderately tight" state, providing space for the Federal Reserve to observe economic trends, assess risks, and adjust policies. He warned that the economic impact of the Trump administration's increase in import tariffs is just beginning to show, "it is expected that inflation will rise by about 1 percentage point in the second half of this year and into early next year." Williams predicted that the US economic growth rate will slow to 1% this year, the unemployment rate will increase 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% for the whole year.