Williams Joins Growing Fed Chorus Saying Rates on Hold for Now

Federal Reserve Bank of New York President John Williamssaid he expects slower economic growth, higher unemployment and a pickup in inflation due to US tariffs policy and reduced immigration.

Williams is among a chorus of Fed officials who’ve signaled their intent to keep rates on hold as they wait for more certainty on the impact of President Donald Trump’s economic policy plans. In advocating for a patient approach to adjusting interest rates, policymakers have emphasized they’re closely monitoring the potential for inflationary pressures to become persistent — while also pointing to economic conditions that remain stable.

“The current ...