Federal Reserve’s Williams: Inflation Expected to Gradually Decline to 2% Over the Next Two Years

According to a report by Jinse Finance, Federal Reserve's Williams stated that overall inflation is close to 2%, but core inflation remains elevated. He expects the actual GDP growth rate in the United States to slow to around 1% this year. Uncertainty, tariff measures, and reduced immigration will slow economic growth. A moderately tight monetary policy provides room to assess new data. Inflation is expected to gradually decline to 2% over the next two years. The unemployment rate is projected to rise to about 4.5% by the end of this year. Tariffs will push the inflation rate up to 3% this year.
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