The President of the Bank New York John Williams, John Williams, predicted slightly higher inflation and unemployment for the rest of the year on Tuesday, as well as slower growth rates than expected. As the head of New York Fed, Williams is a eternal member of the voting of the Federal Committee of the Open Market (FOMC) and has significant control over the FED political decisions.

Key attractions

You should keep your current political attitude.
The economy remains in a good place.
Companies transfer to customers the costs of tariffs.
I expect a real GDP growth this year to about 1%.
The uncertainty of inflation and immigration is increased.
There are signs inflation affects some categories of goods.
Modestly restrictive monetary policy gives a place to examine fresh data.
The US economy on the right track, the labor market is still solid.
Uncertainty, tariffs and reduced immigration will tardy down the economy.
The unemployment rate will escalate to about 4.5% to the end of the year.
This year, tariffs will escalate inflation to 3%.
I expect inflation to gradually drop to 2% over the next two years.
Flags tender pliable data compared to more resistant tough data.
This year, the economy will grow at a slower pace, and the job market is solid.
Tariffs can now add a quarter of inflation percentage.