Fed’s Goolsbee Warns Against ‘Front-Loading’ Interest-Rate Cuts

Federal Reserve Bank of Chicago President Austan Goolsbee expressed continued concern about tariff-driven inflation and pushed back against any call for “front-loading” multiple interest-rate cuts.

“We still need to get the information, and have confidence, that the rise of the inflation rate — after four-and-a-half years of being above the target — that rising, we have to be convinced that that’s transitory,” Goolsbee said Thursday in a call with reporters.

His comments followed an appearance in Grand Rapids, Michigan. where he said interest rates could come down further if inflation shows progress in moving back to 2% and the labor ...