Fed’s Goolsbee: The Bank is required, by law, to think about any Trump tariff price rises

Federal Reserve Bank of Chicago President Austan Goolsbee speaking in a TV interview:

• If the administration enacts policies that drive up prices then, by law, the Fed has to think about it
• Auto parts suppliers have expressed concerns about tariffs
• before the Fed can go back to cutting rates the Fed needs more clarity
• still to be determined what the entire administration’s policy package entails
• Fed has to take a wait and see stance

This article was written by Eamonn Sheridan at www.forexlive.com.