PANews reported on April 11 that according to Jinshi, Fed's Williams expects that tariffs will push up inflation and curb economic growth, and said that the Fed's monetary policy stance is in "the best position to manage these risks as best we can." He said, "In times of uncertainty, consumers may postpone making major decisions, such as buying a house or a car, and businesses may postpone investment until they have a better understanding of the future." "When households and businesses cut spending, economic growth will slow." Since February data showed that inflation was still above target, Williams said it was right for the Fed to keep interest rates at a level that moderately suppressed the economy. "The current moderately tight monetary policy stance is entirely appropriate," he said. Williams also said: "In times of turbulence and uncertainty, good long-term inflation expectations are essential to ensuring continued price stability." "Maintaining inflation expectations is critical as we pursue our maximum employment goals and restore inflation to our long-term goal of 2%."