Reported 1 day ago
Austan Goolsbee, President of the Chicago Federal Reserve, emphasized that while key economic indicators show a solid U.S. economy with a strong labor market and declining inflation, the potential introduction of new tariffs by President Trump could disrupt this stability. He indicated that tariffs could either increase production costs or frighten consumers and businesses into reducing spending and investment, potentially leading to renewed inflation or a slowdown. Goolsbee highlighted the need for caution as the situation develops, amidst mixed signals from soft data regarding business and consumer sentiment.
Source: YAHOO