Reported 1 day ago
In a statement at the 2025 Mackinac Policy Conference, Chicago Federal Reserve President Austan Goolsbee indicated that the U.S. central bank might lower interest rates if significant tariffs are avoided, which could help reveal the underlying strength of the economy. He compared the economic impact of tariffs to a layer of fat obscuring well-defined abs, suggesting that removing tariffs could reveal a healthier economic situation. Despite uncertainty around trade policies affecting business decisions, Goolsbee noted that conditions were stable prior to recent tariffs and inflation was nearing the Fed's 2% target.
Source: YAHOO