Fed’s Goolsbee: No playbook for tariff shock, rate path uncertain but likely lower

Speaking overnight, Chicago Fed President Austan Goolsbee said that nothing is “off the table”, including rate hikes, cuts, or holds. The sheer scale of recent trade developments creates a stagflationary shock, and there is “not a generic playbook” for how a central bank should respond to. Also, Goolsbee noted a key challenge: the data being […]

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