Chicago Fed President Austan Goolsbee expressed concern that escalating trade tensions—through tariffs, retaliations, and potential counter-retaliations—could recreate the turbulent economic conditions of 2021–2022 when inflation was “raging out of control.” In an interview with CNN, he warned that if the tariff threats materialize to their full extent, especially if met with proportionate responses, the US […]
The post Fed’s Goolsbee: Must rely on hard data, no simple playbook for stagflation risks appeared first on Action Forex.
