Fed's Goolsbee: Data still noisy as Fed waits to understand tariff impacts

WASHINGTON, May 14 (Reuters) - Data showing temperate consumer inflation in April doesn't necessarily reflect the impact of rising U.S. import tariffs, with the U.S. Federal Reserve still in need of more data to understand the direction of prices and the economy, Chicago Fed president Austan Goolsbee said on Wednesday.

"There are moments of a lot of dust in the air," Goolsbee said in comments on NPR's Morning Edition radio show. "We've got a bunch of noise...We're trying to figure out the through line."