Fed needs to be careful, prudent on rate-cutting, Goolsbee says

Feb 3 (Reuters) - Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said on Monday that policy uncertainty, particularly over tariffs that could push up prices, argues for slowing the pace of the U.S. central bank's interest-rate cuts.
"We've got to be a little more careful and more prudent of how fast rates could come down because there are risks that inflation is about to start kicking back up again," Goolsbee said in an interview with Marketplace Radio.

The Trump administration over the weekend announced it would impose 25% tariffs on Mexican and Canadian imports, and 10% tariffs on Chinese imports, starting on Tuesday, though on Monday said it would delay implementation of those tariffs until at least March 1.