Fed’s Goolsbee calls tariffs ‘stagflationary’
Chicago Federal Reserve president Austan Goolsbee described President Trump’s wide-ranging tariffs as “stagflationary” on Friday, expressing a mainline view of tariffs among central bankers that’s prompted the Fed to maintain its pause on interest rate cuts, much to the frustration of the president. “I think of tariffs as having a heavy stagflationary component,” he said…
