Federal Reserve Bank of Chicago President Austan Goolsbee participates in a moderated Q&A before an mHub Industry Disruptor Series event, in Chicago.
- Labor market might be deteriorating
- Inflation might be picking back up
- There is a bit of wait and see because of the uncertainty
- Rates are better indicators for labor market than raw job growth
- The impact of tariffs on price increases depends on the sector
- The September meeting is a live meeting, I haven't made up my mind
more to come
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Markets are basically convinced that the Federal Reserve will cut rates at its September 16-17 meeting. Goolsbee's initial remarks being reported are sounding a cautionary note though.
