Federal Reserve's Goolsbee: Will resume rate cuts if tariffs do not lead to high inflation

On June 24, according to Jinshi Data, Federal Reserve's Goolsbee stated that since Trump imposed tariffs on April 2, there has been a lack of obvious inflationary pressure, which may allow the Federal Reserve to resume cutting interest rates. He recalled that the Federal Reserve expected to lower interest rates at the beginning of the year and suspended the rate cuts, mainly due to policy uncertainty. Goolsbee said: If we don't see inflation caused by these tariff increases, then in my opinion, we never left what I call the golden path before April 2. He compared the tariffs to throwing a lot of dust into the air, making it difficult to see if you are still on the road. If there is no dust in the air, then I think we should continue (to cut interest rates). [Shenchao TechFlow]