Tariffs might push up inflation, price coverage in good place

NEW YORK (Reuters) – Federal Reserve Financial institution of New York President John Williams mentioned on Tuesday that Trump administration tariffs could have some influence on driving up worth pressures however there’s nonetheless a number of uncertainty how this can all play out.

“I do consider some results” from tariffs on inflation that can play out over the 12 months, Williams mentioned at a Bloomberg occasion in New York. He added he views financial coverage as being in a “good place” and “I don’t see any want to vary it” proper now.

(Reporting by Michael S. Derby; Modifying by Chris Reese)