Fed's Williams: expects tariffs to fuel inflation, slow economic growth

April 11 (Bloomberg) - Federal Reserve Williams expects tariffs to push up inflation and dampen economic growth, and said the Fed's monetary policy stance is ‘in the best possible position to manage these risks to the best of our ability,’ according to Golden Ten. He said that ‘in times of uncertainty, consumers may put off major decisions, such as buying a home or a car, and businesses may delay investment until they have a better sense of the future,’ and that "when households and businesses cut back on spending, economic growth slows. " With February data showing that inflation remains above target, Williams said the Fed was right to keep interest rates moderately subdued. ‘The current stance of moderately tight monetary policy is entirely appropriate,’ he said. ‘In times of turmoil and uncertainty, good long-run inflation expectations are critical to ensuring continued price stability,’ Williams added, "and maintaining inflation expectations is essential as we pursue our maximum employment goal and return inflation to our long-run target of 2 per cent. "