Reported about 6 hours ago
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, cautions that the central bank should be cautious about lowering interest rates due to uncertainties stemming from the Trump administration's trade policies. He highlights the complexities in assessing economic conditions amidst tariff announcements impacting key trading partners like Mexico, Canada, and China. Goolsbee emphasizes the need for careful evaluation of data before making further rate adjustments, reflecting a cautious approach by the Fed in light of potential inflation risks.
Source: YAHOO