John Williams: Tariff Impact Could Increase US Inflation

U.S. inflation may rise by 1% to 1.5% due to tariffs, according to Federal Reserve Bank of New York President John Williams. This increase, primarily attributed to increased core goods prices, is expected to persist until the middle of next year. While current inflation effects are less severe than historical comparisons, Williams’ recent comments highlight the inflationary impacts of tariffs. The effect on pricing has been confirmed through various speeches and statements by Williams, who explained that these changes contribute to inflationary pressures in the U.S. market.