Fed's Goolsbee says tariffs have not had expected impact so far
Tweet
Share
E-mail
FILE PHOTO: Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. REUTERS/Brendan McDermid/File Photo
NEW YORK (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday that thus far the surge in tariffs has had a more modest impact on the economy relative to what was expected.
“Somewhat surprisingly, thus far, the impact of tariffs has not been what people feared,” Goolsbee said in public comments before the Milwaukee Business Journal mid-year outlook.
While it is still uncertain what tariffs will do to price pressures, “if we do not see inflation resulting from these tariff increases, then, in my mind, we never left what I was calling the golden path before April 2,” which could well open the door to a push toward rate cuts, Goolsbee said.
(Reporting by Michael S. Derby; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bank of Canada to hold rates steady in 2026 as inflation risks appear contained: Reuters Poll
- Hungary's government submits bill to set up anti-corruption office
- Qatari delegation is in Iran, aims to boost mediation role, Tasnim news agency says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
