Federal Reserve Bank of Chicago President Austan Goolsbee spoke in a Fox TV interview:
Hard data on US economy still pretty solid
If can get past this period of uncertainty, underlying strength of economy is still there
Soft data looks very different from hard data
Confidence is almost cratering
Problem of tariffs is they are a supply shock
Fear is if tariffs on imports jumps out of just imports and move into other costs, or people freak out and change behavior
People don’t want to go back to the inflationary environment of 2021, 2022
more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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