The Scoop: July 11, 2025, 2:37:15 PM– Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says
The story as it appeared on Dow Jones:
- July 11, 2025, 2:37:15 PM: Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says
- 2:37:15 PM: *Fed’s Goolsbee: Too Soon to Say if New Tariff Threats Scuttle Outlook for Cooler Inflation
- 2:37:15 PM: *Fed Leadership Will Continue to Take Political Independence Seriously, Goolsbee Says
- 2:37:22 PM: Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says
The Details: Reporter Matt Grossman conducted an exclusive interview with Chicago Fed President Austan Goolsbee on Friday, where Goolsbee said that new tariffs unveiled by President Trump made it more difficult for him to support the rate cuts that the president has pressed for. Recently, Goolsbee, who is an FOMC voting member this year, had supported cutting rates soon, but this interview showed that recent tariffs may have changed his mind.
The Impact: The report was widely cited among traders, Fed watchers and by other news outlets.
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