TechFlow news, April 11 — According to Jinshi Data, FOMC permanent voting member and New York Fed President Williams, speaking on the economic outlook and monetary policy, said: "Tariffs are expected to push up inflation and dampen economic growth. The Federal Reserve's monetary policy stance is currently in the best position to manage these risks as much as we can. In times of uncertainty, consumers may delay making major decisions such as buying homes or cars, and businesses may postpone investment until they have a clearer view of the future. When households and businesses cut spending, economic growth slows. Given that February data showed inflation remains above target, it was correct for the Fed to keep interest rates at a moderately restrictive level. The current moderately tight monetary policy stance is entirely appropriate. In turbulent and uncertain times, well-anchored long-term inflation expectations are critical to ensuring sustained price stability. Maintaining stable inflation expectations is crucial as we pursue our goals of maximum employment and returning inflation to the 2% longer-run objective."
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