Chicago Federal Reserve President: The U.S. economy may have never deviated from the "golden path," and interest rates can continue to be lowered if inflation does not rise

Zhitong
2025.06.23 22:29
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Chicago Federal Reserve President Goolsbee stated that if the recent tariff increases do not lead to significant inflationary pressure, the Federal Reserve may restart the rate-cutting process. He pointed out that inflation data has remained stable for three consecutive months, and if the impact of tariffs continues to be mild, the U.S. economy has not deviated from the "golden path." The Federal Reserve decided to maintain interest rates at last week's meeting and continue to observe the impact of tariffs on the economy. There are internal divisions regarding future policy directions, with some officials supporting rate cuts in the case of mild inflation