Fed's Goolsbee says latest tariff threats could delay rate cuts, WSJ reports

ReutersJul 11, 2025 7:04 PM

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July 11 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said the new tariffs unveiled by U.S. President Donald Trump have further muddied the inflation outlook, the Wall Street Journal reported on Friday.

The latest round of tariffs, including a 35% levy on some Canadian imports and a 50% tariff on goods from Brazil, set to begin on August 1, could spark fresh concerns about inflation, which might force the Fed to maintain its wait-and-see posture until the central bank gets more clarity, Goolsbee said in an interview with the Journal.

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