Chicago Federal Reserve Bank President Austan Goolsbee on Monday said the U.S. central bank is currently in a "wait-and-see" mode and needs more clarity on the total economic impact of the Trump administration's new policies including tariffs,

Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation.

Federal Reserve Bank of Chicago President Austan Goolsbee said late Monday that the US central bank needs more clarity before going back to cut the interest rates .

Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation. The figure “wasn’t a great number,” Goolsbee said Sunday in an interview on News Nation. “But it’s only one month of data. You need at least two or three months for that to count.”

Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job market and when rate cuts could resume

Uncertainty factors into the Fed's decision making in two ways: the impact that it has on the employment picture, which has been relatively stable, and inflation, which has been easing but could rise again as consumers and business leaders get spooked about the impact tariffs could have on prices.

Costs of everyday essentials like groceries and gas are steadily climbing while wages remain largely stagnant, which is particularly true in the Chicago area where the inflation rate is higher than anywhere else in the country — an unwanted first-place position.

Chicago Federal Reserve President Austan Goolsbee anticipates a less alarming inflation measure from the Fed's preferred index, compared to the recent CPI report showing a 0.5% rise. The upcoming Personal Consumption Expenditures index figures are expected to be less 'sobering,

(Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said he does not expect the inflation reading the U.S. central bank uses to set its inflation target to be as "sobering ...

ABC7 is taking stock of the latest economic trends affecting your money and what you need to know to plan for tomorrow, with explanations from an economy expert.

NPR's Scott Simon asks Austan Goolsbee of the Federal Reserve Bank of Chicago about consumer sentiment and inflation.

(Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation.