The Internet reported that Fed Williams expected tariffs to push up inflation and curb economic growth, and said the Fed's monetary policy stance was "in the best position to manage these risks to the best of our ability." "In times of uncertainty, consumers may postpone making major decisions, such as buying or buying a car, and companies may postpone investing until they have a better understanding of the future," he said."Economic growth slows when households and businesses cut spending." As February data showed inflation remained above target, Williams said the Fed was right to keep interest rates at levels that were moderately dampening the economy. "The current stance of moderately tightening monetary policy is completely appropriate," he said. Williams also said: "In times of turmoil and uncertainty, good long-term inflation expectations are crucial to ensuring continued price stability.""Maintaining inflation expectations as we pursue maximum employment goals and the long-term goal of restoring inflation to 2%. It is crucial."