Tariffs imposed by President Donald Trump on Chinese goods in the escalating tra...
FILE PHOTO: John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019. REUTERS/Lucas Jackson/File Photo
The U.S. economy is now in “a very good place” with low unemployment and recovering business and consumer confidence, President of the Federal Reserve Bank of New York John Williams said. U.S. tariffs already imposed on Chinese goods had increased prices slightly and slowed growth, said Williams, who is vice chairman of the Fed’s rate setting committee.
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