The Minutes of John Williams on tariffs https://minutesof.com/john-williams/on/tariffs/ Everything John Williams has said on tariffs: 2 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:02 +0000 Williams says average effective tariff rate estimates range between 15 and 20 percent. https://minutesof.com/q/0f537a7f-4c94-4417-b868-8bba0a4f15bf/ https://minutesof.com/q/0f537a7f-4c94-4417-b868-8bba0a4f15bf/ “Combining enacted and announced tariffs, estimates of the resulting average effective tariff rate range somewhere between 15 and 20 percent.” — NY Fed speeches tariffs Williams notes actual tariffs in effect recently were much smaller than announced rates. https://minutesof.com/q/b2d69e95-0be1-4f71-97e4-c010e514c80c/ https://minutesof.com/q/b2d69e95-0be1-4f71-97e4-c010e514c80c/ “But actual tariffs in effect in recent months were much smaller than that, as seen by the amount of tariff revenue collected each month.” — NY Fed speeches tariffs