Fed's Williams Says Higher Tariffs Will Impact Growth, Inflation

The video discusses the current state of the economy, highlighting solid growth, low unemployment, and inflation slightly below target. It examines first quarter GDP, noting inventory building and slowed consumption. The potential impact of a trade war is considered, with emphasis on business and consumer confidence. The discussion also covers the effects of tariffs, which have slightly boosted inflation and may impact growth. The importance of confidence and uncertainty in economic decision-making is stressed.

What factors should be monitored for signs of economic weakness?

What role does business and consumer confidence play in economic growth?