Fed's Williams:
1. Expects growth to slow considerably, unemployment and inflation to rise
2. GDP slowdown ocmes from declining labor force growth, uncertainty, and tariffs
3. Monetary policy is in right place to manage risks "as best we can"
4. Key question is, does higher inflation this year spill into future years?
5. Watching how global economy responds to changing trade policies
2025 Forecasts, New York Fed Pres. John Williams:
1. GDP： <1%
2. Unemployment: 4.5-5%
3. Inflation: 3.5-4%
