Fed’s Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook

July 12, 2025

Austan Goolsbee of the Chicago Federal Reserve notes challenges in assessing the economy. Donald Trump’s tariff announcements create complications. Business contacts express concerns about potential inflation. Goolsbee awaits a period of stability before confirming a soft economic landing. Frequent supply shock concerns contribute to economic uncertainty. The situation demands careful monitoring.

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