Goolsbee: Businesses craving consistency in whipsaw tariff environment - CNBC

WASHINGTON, May 23 (Reuters) - U.S. firms want consistency in trade policy before making big investment or other decisions, with President Donald Trump's new threat of 50% tariffs on European Union imports a "scary" proposition for supply chains, Chicago Fed President Austan Goolsbee said in remarks to CNBC's Squawk Box.

"It is more than uncertainty. It is the non-consistency. Businesses are saying they need some idea that it is going to be consistent," Goolsbee said. "As they look at tariff rates that high that would be really scary for the supply chain."