Fed's Goolsbee: Thus far impact of tariffs not as bad as feared * Thus far impact of tariffs not as bad as feared * Tariffs are not unlike oil shocks with stagflationary implications * Tariff impact blunted by lower levels and exemptions * Current form of uncertainty is disconcerting * Critical to look at soft economic data at current moment of transition There is no signal on rates here. This article was written by Adam Button at www.forexlive.com.

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Fed seeks more data to assess impact of U.S. tariffs, says Chicago Fed President Fed seeks more data to assess impact of U.S. tariffs, says Chicago Fed President Investing.com -- The Federal Reserve is seeking more data to understand the impact of rising U.S. import tariffs on the economy, according to Chicago Fed President Austan Goolsbee. His statement came on Wednesday, following the release of data showing a moderate rise in consumer inflation in April. Consumer prices saw a less-than-anticipated increase of 2.3% in April, marking the smallest annual increase in four years. This subdued rise was primarily due to a decrease in food prices, which are known to fluctuate monthly. When excluding food and energy, the "core" inflation rate remained steady at 2.8%, identical to the rate in March. Goolsbee, who is a current voter on the Fed committee that sets interest rates, expressed caution in interpreting the data. "We’ve got a bunch of noise ... We’re trying to figure out the through line," he said on NPR’s Morning Edition radio show. He added that it is not feasible for businesses or central banks to draw conclusions about long-term trends amidst such short-term variability. The Federal Reserve has maintained stable interest rates since December and is expected to continue doing so. Fed officials are closely monitoring the Trump administration’s tariff increases and ongoing trade negotiations before making any decisions. Goolsbee noted that the data received so far suggests that "it’s going okay," indicating a need for further information to fully understand the economic trajectory. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. 0 Latest comments

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Chicago Fed CEO says tariff uncertainty could slow rate lowering Detroit — Austan Goolsbee, CEO of the Federal Reserve Bank of Chicago, said Thursday if economic conditions persist as they have, he expects continued federal fund rate decreases over the next year or so — but policy changes could make that decline…

Detroit — Austan Goolsbee, CEO of the Federal Reserve Bank of Chicago, said Thursday if economic conditions persist as they have, he expects continued federal fund rate decreases over the next year or so — but policy changes could make that decline… #ChicagoFed #AustanGoolsbee #InterestRates

#ChicagoFed National Activity Index much better than expected -0.06. -0.7 is recession signal, so another anti-recession signal.