Federal Reserve Bank of Chicago President Austan Goolsbee speaking in a TV interview:
- If the administration enacts policies that drive up prices then, by law, the Fed has to think about it
- Auto parts suppliers have expressed concerns about tariffs
- before the Fed can go back to cutting rates the Fed needs more clarity
- still to be determined what the entire administration’s policy package entails
- Fed has to take a wait and see stance
This article was written by Eamonn Sheridan at www.forexlive.com.
