Fed's Goolsbee: Uncertainty warrants pause in rate cuts

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted during a radio interview during the late Monday session that economic uncertainty is exactly the type of thing that would trigger a pause in future rate cuts.

Key highlights

Fed's Goolsbee: uncertainties warrant caution in rate cuts.

Goolsbee warns of possible inflation increase.

Goolsbee sees need for cautious rate cuts.

Fiscal decisions impacting prices or employment require careful consideration.

Goolsbee warns of possible inflation resurgence.

Consumer activity has been robust.

Goolsbee remains concerned about inflation.

Hard to distinguish between rising prices signaling overheating or tariffs' one-time effect.

Should slow pace of rate cuts due to uncertainty.

US consumer remains strong, not showing signs of slowing down.

Concerns are emerging from businesspeople in contact with the Fed, including automakers and industry.