Fed's Goolsbee: If tariffs don't lead to high inflation, rate cuts will resume

Planet Daily News: Federal Reserve Governor Goolsbee stated that since Trump imposed tariffs on April 2nd, there has been a lack of obvious inflationary pressure, which might enable the Federal Reserve to cut rates again. He recalled that the Federal Reserve initially anticipated lowering interest rates and paused rate cuts primarily due to policy uncertainty. Goolsbee said: If we haven't seen inflation caused by these tariffs, then in my view, we never left the golden path I mentioned before April 2nd. He compared tariffs to throwing a lot of dust into the air, making it difficult to see if you're still on track. If there's no dust in the air, I believe we should continue (with rate cuts). (Jin Shi)