John Williams, president of the New York Federal Reserve Bank, stated that he currently does not see the necessity to adjust interest rates "in the short term," and added that the Federal Reserve must ensure that tariffs do not lead to sustained high inflation. Williams said that the economy is currently in a "very good state," and given the many uncertainties surrounding government policy and its eventual impact, the Federal Reserve can await more information. "We need to ensure that any one-time price changes do not evolve into more lasting and higher inflation," Williams remarked on Thursday.