Fed's Williams Warns of Higher Inflation, Lower Growth With Tariffs -- WSJ

Dow Jones2025-04-11

By Matt Grossman

John Williams, the president of the New York Fed, warned that newly implemented tariffs have lowered the U.S. growth outlook and raised his expectations for inflation and unemployment.

In a speech in Puerto Rico Friday, Williams said he expects:

-- Economic growth to slow to below 1%, from its 2.4% annualized pace in last year's fourth quarter.

-- Inflation of 3.5% to 4% ahead, compared with 2.5% in the latest reading from the Fed's preferred gauge.

-- Unemployment of 4.5% to 5%, up from 4.2% in March.

"Monetary policy is in the right place to manage those risks as best we can," Williams said.

The Fed has held its benchmark rate steady at 4.25% to 4.5% since December, and policymakers are scheduled to vote on their next move in early May.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 11, 2025 11:38 ET (15:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 11, 2025 11:38 ET (15:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Williams Warns of Higher Inflation, Lower Growth With Tariffs -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Williams Warns of Higher Inflation, Lower Growth With Tariffs -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-11 23:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Matt Grossman \n</p>\n<p>\n     John Williams, the president of the New York Fed, warned that newly implemented tariffs have lowered the U.S. growth outlook and raised his expectations for inflation and unemployment. \n</p>\n<p>\n     In a speech in Puerto Rico Friday, Williams said he expects: \n</p>\n<p>\n     -- Economic growth to slow to below 1%, from its 2.4% annualized pace in last year's fourth quarter. \n</p>\n<p>\n     -- Inflation of 3.5% to 4% ahead, compared with 2.5% in the latest reading from the Fed's preferred gauge. \n</p>\n<p>\n     -- Unemployment of 4.5% to 5%, up from 4.2% in March. \n</p>\n<p>\n     \"Monetary policy is in the right place to manage those risks as best we can,\" Williams said. \n</p>\n<p>\n     The Fed has held its benchmark rate steady at 4.25% to 4.5% since December, and policymakers are scheduled to vote on their next move in early May. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 11, 2025 11:38 ET (15:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443978.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526922616","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526922616","pubTimestamp":1744385880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"John Williams, the president of the New York Fed, warned that newly implemented tariffs have lowered the U.S. growth outlook and raised his expectations for inflation and unemployment.In a speech in Puerto Rico Friday, Williams said he expects:. -- Economic growth to slow to below 1%, from its 2.4% annualized pace in last year's fourth quarter.-- Inflation of 3.5% to 4% ahead, compared with 2.5% in the latest reading from the Fed's preferred gauge.-- Unemployment of 4.5% to 5%, up from 4.2% in March.\"Monetary policy is in the right place to manage those risks as best we can,\" Williams said.The Fed has held its benchmark rate steady at 4.25% to 4.5% since December, and policymakers are scheduled to vote on their next move in early May.This item is part of a Wall Street Journal live coverage event. 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