Fed’s Goolsbee Says New Tariffs Renewing Business Uncertainty

Federal Reserve Bank of Chicago President Austan Goolsbee said the most recent round of tariffs may be causing businesses in his district to again pause decision-making in order to see where the levies settle.

“Now, it seems like we’re going into a new wave of tariff announcements,” Goolsbee said Tuesday at an agricultural conference hosted by his bank.

Chicago Fed President Austan Goolsbee.

Photographer: David Paul Morris/Bloomberg

“When I’m out talking to people, it feels like they’re just wary, they’re uncertain and we might be going back into that, everybody-just-put-your-pencils-down kind of a moment, where you just wait until you figure out where it’s going to be,” he ...