Fed’s Powell opens door to potential rate cuts at Jackson Hole
Investing.com -- Chicago Federal Reserve Bank President Austan Goolsbee said Friday that the ongoing series of tariff announcements makes it difficult to assess their full impact on prices.
Speaking in an interview with Yahoo Finance, Goolsbee noted that the "drip drip" of new tariff announcements challenges the notion that tariffs only affect prices once.
"We need some resolution that we can count on before we can fully understand what the impact of this is," Goolsbee stated.
The Fed official emphasized that factors creating uncertainty about the path back to the central bank’s 2% inflation target would delay potential interest rate cuts.
"Anything that makes it harder to figure out if we are on a path back to 2% inflation, anything like that is extending the timetable of when the rate cuts can happen," he said.
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