Chicago Fed President Expresses Caution Over Tariffs Impact

Federal Reserve Bank of Chicago President Austan Goolsbee shared his concerns on Friday, highlighting the latest CPI data which suggests tariffs are significantly contributing to the rise in goods inflation.

"It pains me to see arguments about central bank independence," Goolsbee remarked during his appearance on the Daily Wire Podcast. He also hinted at potential interest rate reductions, stating they could decrease by a "fair bit" in the coming year, sparking discussions among economists and market watchers.