Early Days in Understanding Tariff Impacts

Federal Reserve Bank of New York President John Williams shared insights with Yahoo, highlighting the preliminary nature of assessing tariff effects. "There is still a lot of uncertainty around tariffs. The details matter," Williams emphasized, stressing the importance of monitoring data to gauge price impacts.

Inflation Risks and Economic Health

Addressing inflation specifically, Williams acknowledged potential risks exceeding Fed predictions. "My forecast is that inflation will be relatively stable this year with upside risks," he stated. He also reassured about the current state of the U.S. economy, noting it's "in a very good place" and free from "stagflation."