TechFlow news, April 11 — According to Jinshi Data, FOMC permanent voting member and New York Fed President Williams delivered a speech on the economic outlook and monetary policy: The economy faces extremely high uncertainty. Tariffs and trade are major sources of this uncertainty. Tariffs are expected to push inflation up to between 3.5% and 4% this year; we will do everything possible to bring inflation back to 2%. Economic growth this year is expected to slow significantly to around 1%. Unemployment rate is projected to rise to between 4.5% and 5% this year. The key question is whether elevated inflation will persist into 2026.
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