Fed’s Austan Goolsbee sees lower interest rates if tariffs fade away

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, suggested that resolving trade policy uncertainties could steer the US economy back to its pre-tariff path. This shift, he noted, might enable officials to reduce interest rates. Goolsbee emphasized the potential for a strong economy with full employment and targeted inflation if trade-related disruptions are minimized.

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