Central Banks
Goolsbee Says Trump Policies Could Slow Fed’s Rate Cutting
- Fellow Fed officials also emphasize rising uncertainties
- Goolsbee says inflation could kick up again with tariffs
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Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank should proceed more cautiously in lowering borrowing costs amid mounting uncertainty introduced by the Trump administration.
“Now we’ve got to be a little more careful and more prudent of how fast rates can come down because there are risks that inflation is about to start kicking back up again,” Goolsbee said Monday in an interview on American Public Media’s Marketplace program.