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On July 16, local time, John Williams, President of the Federal Reserve Bank of New York, asserted that the current "moderately tight" stance of U.S. monetary policy is well-suited, allowing the Fed the flexibility to monitor the economy, evaluate risks, and adjust policies as necessary. He cautioned that the economic repercussions of the import tariffs imposed by the Trump administration are gradually becoming evident, with projections indicating an approximately 1 percentage point increase in inflation from the second half of this year through early next year. Williams predicted a deceleration in U.S. economic growth to 1% this year, an uptick in unemployment from 4.1% to 4.5% by year-end, and inflation expected to hover between 3% and 3.5%.
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