Federal Reserve Bank of New York President John Williams said he anticipates tariffs will contribute to inflation, but emphasized there is a lot of uncertainty about how the economy will respond to President Donald Trump’s levies.

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Tuesday he expects Trump administration tariffs to drive up inflation to some degree, while reckoning that for now,

U.S. interest-rate policy is in a good place and there is no need “to change it right away,” New York Fed President John Williams said on Tuesday.

New York Fed President John Williams said Tuesday that he is taking into consideration President Donald Trump’s tariffs in his forecast of the economy and expects higher prices as a result relatively soon.

Federal Reserve Bank of New York President John Williams sees "somewhat higher prices" starting later in the year from sweeping tariffs imposed by the Trump administration, he said on Tuesday, potentially complicating the U.