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Goolsbee Raises Tariff Concerns, Keeps Rate Cuts On Table Ahead of September FOMC Meeting

Chicago Federal Reserve President Austan Goolsbee expressed concerns about potential inflationary pressure from tariffs and uncertainty regarding the US labor market’s direction. Speaking ahead of the September 16–17 Federal Open Market Committee (FOMC) meeting, Goolsbee highlighted that a rate cut could be unavoidable if job market conditions worsen. He emphasized the need for ‘a series of positive inflation data’ before considering policy adjustments.

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