Reported about 10 hours ago
In an interview with Yahoo Finance, Chicago Fed President Austan Goolsbee addressed the implications of tariffs on inflation and the potential for future interest rate cuts. He emphasized the importance of understanding the tariffs' impact on core goods inflation and stressed that uncertainties surrounding tariffs and economic conditions could extend the timeline for any rate cuts. Goolsbee advocated for assessing inflation's trajectory before making decisions while reaffirming the critical role of Fed independence amid political scrutiny.
Source: YAHOO