TechFlame reports that Federal Reserve Williams hinted that it was unwilling to support interest rate cuts until the FOMC meeting this month. He believes that tariffs may further push up inflation. Williams said that price data has shown that the new trade barriers set up by the Trump administration are increasing the cost of some consumer goods. Williams anticipates that there may be more price increases in the future. “For products that are more vulnerable to high tariffs... the price increases so far this year have far exceeded expectations based on past trends.” Williams refers to products such as household appliances, musical instruments, and luggage. Williams said that considering the risk of inflation accelerating during the rest of 2025, the Federal Reserve should now be cautious about lowering the benchmark interest rate. Williams said, “It is entirely appropriate to maintain this moderately restrictive monetary policy stance.” He also predicted that by the end of 2025, the unemployment rate will rise to 4.5%, the inflation rate will reach 3.5%, and this year's economic growth rate will be around 1%, which is significantly slower than last year.