More from New York Fed president Williams:
- Economy will grow at a slower pace this year.
- Job market to stay solid
- Uncertainty is as important as tariffs impact for economy's performance.
- If uncertainty resolved, it would give economy a pump.
- Already seen tariff impact in the economy.
- Tariffs may be adding 1/4 of a percentage point to inflation right now.
- Markets have been volatile, but not surprising given policy changes.
- Over last month market volatility has been more normal.
- Has not seen any cracks in the market despite volatility. Monetary policy is very well-positioned.
- Outside of tariffs, inflation is very much on track.
- Hopefully tariff impact won't last for too long.
- Eventually interest rates need to move lower
