News list for " austan"
Chicago Fed President AUSTAN GOOLSBEE said in an interview that the United States still has a lot of work to do to achieve inflation of 2%.
Austan Goolsbee, the president of the Federal Reserve Bank of Chicago, said that while uncertainty over fiscal policy could lead to fewer rate cuts, he still expected some rate cuts over the next 18 months. "I think it makes the environment even more confusing," Goolsbee said of other uncertainties facing U.S. policy and the economy. "I still think we're going to end up quite a distance below where we are now, but because of these uncertainties, I'm slowing down a little bit to get there."
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said continued, large-scale tariff increases could cause supply chain disruptions again and drive up inflation. In his prepared remarks for the event in Detroit, Goolsbee warned against assuming that tariffs do not cause inflation. He listed several lessons from the epidemic, among which supply-side disruptions, including supply chains, are the most important driver of inflation and cause the COVID-19 pandemic to hit and hit duri...
