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

Odaily Planet Daily News Fed's Goolsbee said that the lack of obvious inflationary pressure since Trump imposed tariffs on April 2 may enable the Fed to cut interest rates again. He recalled that the Fed expected to lower interest rates at the beginning of the year and paused the rate cuts, mainly because of policy uncertainty. Goolsbee said: If we don't see inflation caused by these tariff increases, then in my opinion, we never left what I call the golden path before April 2. He compared tariffs to throwing a lot of dust in the air, so it's hard to see if you're still on the road. If there's no dust in the air, then I think we should continue (rate cuts). (Golden Ten)