Reported about 22 hours ago
Chicago Fed President Austan Goolsbee indicated that the Federal Reserve is carefully assessing whether the impact of tariffs will cause inflation to rise temporarily or persistently. This consideration will influence their timing on potential interest rate cuts. In light of recent economic data, including job growth revisions and inflation rates, Goolsbee remains cautious, emphasizing the need for further analysis before making decisions on rate adjustments.
Source: YAHOO