Williams expects trade and immigration policies combined with uncertainty to weigh on growth.
“But based on what the data tell us today, I expect the combined effects of trade and immigration policies and associated uncertainty to continue to weigh on growth.”
Williams expects uncertainty, tariffs, and reduced immigration to restrain spending and labor force growth.
“But based on what the data tell us today, I expect uncertainty and tariffs to restrain spending and reduced immigration to slow labor force growth.”