---
title: "Federal Reserve \"third-in-command\" Williams: The impact of tariffs still has a lot of uncertainty, and there is no need to adjust policies at this stage"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230536370.md"
description: "Federal Reserve Vice Chairman Williams stated that the impact of Trump's tariffs on prices remains uncertain, and the expected effect on consumers will be one-time, with potential price increases in the future. He emphasized the need to pay attention to inflation expectations and pointed out that the U.S. economic situation is good, monetary policy is moderate, and inflation is expected to gradually fall back to 2%. There is currently no need to adjust policies, and economic growth is expected to slow down in 2024"
datetime: "2025-03-04T19:41:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230536370.md)
  - [en](https://longbridge.com/en/news/230536370.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230536370.md)
generator: "portal-rs"
---

# Federal Reserve "third-in-command" Williams: The impact of tariffs still has a lot of uncertainty, and there is no need to adjust policies at this stage

Williams, the President of the Federal Reserve Bank of New York (who has permanent voting rights on the FOMC and is known as the "third-in-command" of the Federal Reserve), stated: "We are beginning to assess the impact of Trump's tariffs on prices."

The impact of tariffs still carries a lot of uncertainty.

The effect of tariffs on American consumers will largely be a one-time event.

Prices are likely to rise to some extent in the future.

We are closely monitoring inflation expectations.

The U.S. economy remains in good shape.

The FOMC's monetary policy is in good condition and moderately restrictive.

Inflation is expected to gradually return to 2% over time.

There is no need to adjust policy at this stage.

Growth is expected to slow compared to 2024

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**