Latest news with #ChicagoFederalReserveBank
Time of India
12-07-2025
- Business
- Time of India
Fed's Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook
U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data. "I've got to wait until that noise kind of dies down, that anxiety dies down, before I'm gonna be comfortable that we are back on the old golden path, as I called it, to a stable soft landing ," Goolsbee said in a " Moody's Talks : Inside Economics" podcast taped on Thursday and released on Friday. "If we, every six weeks, have to revisit whether we're about to have some big supply shock by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Podiatrists Prefer This New Topical For Thick, Yellow Toenails healthynailsjournal Learn More Undo
Yahoo
11-07-2025
- Business
- Yahoo
Fed's Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook
(Reuters) -U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data. "I've got to wait until that noise kind of dies down, that anxiety dies down, before I'm gonna be comfortable that we are back on the old golden path, as I called it, to a stable soft landing," Goolsbee said in a "Moody's Talks: Inside Economics" podcast taped on Thursday and released on Friday. "If we, every six weeks, have to revisit whether we're about to have some big supply shock, that's messy at the least." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Fed's Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook
(Reuters) -U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data. "I've got to wait until that noise kind of dies down, that anxiety dies down, before I'm gonna be comfortable that we are back on the old golden path, as I called it, to a stable soft landing," Goolsbee said in a "Moody's Talks: Inside Economics" podcast taped on Thursday and released on Friday. "If we, every six weeks, have to revisit whether we're about to have some big supply shock, that's messy at the least." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Fed's Goolsbee sees no stagflation but 'definitely' things could get worse
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Monday said that with unemployment near 4% and inflation around 2.5% and falling, he sees no possibility that tariffs or another supply-side shock could in the near term cause actual 1970s-style stagflation, when the unemployment was double today's rate and inflation was above 13%. "But there's definitely the possibility of both things getting worse at the same time," Goolsbee said at the Aspen Ideas Festival in Aspen, Colorado, referring to unemployment and inflation. "And there you usually say, well, how long is each side's discrepancy going to last? Do you think it's temporary or do you think it's permanent? And how big is each the way I think about it." He did not give a forecast for those variables. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
03-06-2025
- Business
- Business Standard
Dollar index rebounds from 6-week low
The dollar index regained strength on Tuesday morning after a sharp slide to a near six week low in the previous session. The greenback came under pressure following weak economic data from US. Data showed that US manufacturing activity contracted more than expected in May. ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. With the unexpected decline, the manufacturing PMI dipped to its lowest level hitting 48.4 in November 2024. Moreover, dollar was pressured amid remarks from Feds Waller that he still supports the idea of cutting interest rates later this year, even if the job market holds steady, choosing to "look through" any inflation caused by tariffs. Federal Reserve Governor Christopher Waller said that interest rate cuts remain possible later this year even with the Trump administration's tariffs likely to push up price pressures temporarily. Meanwhile, Chicago Federal Reserve Bank President Austan Goolsbee also said he continues to think the U.S. central bank will be able to lower short-term borrowing costs after the "dirt in the air" of uncertainty from tariff policies gets cleared up. Goolsbee further stated his ongoing belief that if the economy remains stable and tariffs do not prove to be as severe as announced on April 2, the Feds policy rate is likely to be notably lower within the next 15 months. The dollar index that measures the greenback against a basket of currencies is quoting at 98.76, up 0.13% on the day with basket currencies EURUSD and GBPUSD easing to the same tune.
